Switzerland

The Swiss Agency for Development and Cooperation (SDC) and the State Secretariat for Economic Affairs (SECO) are Switzerland’s key agencies for development assistance. The SDC is under the Federal Department of Foreign Affairs while SECO is within the Federal Department of Economic Affairs, Education and Research. The SDC is the country’s international cooperation agency and its priority countries are Bangladesh, Mongolia, Myanmar, Nepal; and subregions Greater Mekong (Cambodia, the Lao People’s Democratic Republic) and Hindu Kush (Afghanistan, Pakistan). Its priority areas include climate change and the environment; water, agriculture and food security; disaster relief and reconstruction; private sector; gender; good governance; fragilities; human rights; and peaceful, just, and inclusive cities. SECO is Switzerland’s center for all issues on economic and labor market policy for poverty reduction in the form of economic development cooperation. SECO’s countries of focus are Cambodia, Indonesia, the Lao People’s Democratic Republic, Myanmar, and Viet Nam. It works on economic and financial policies, urban infrastructure and utilities, the private sector and entrepreneurship, and sustainable trade.

At a Glance

Cumulative Project-Specific Cofinancing

$57.1 million

  

Cumulative Trust Funds Contribution

$41.6million

  

2020 Project-Specific Cofinancing

  • $520,000

Switzerland has three active trust funds with ADB to date. Since 2011, it has been contributing to the Multi-Donor Trust Fund under the Water Financing Partnership Facility. This facility supports demonstration projects under the Water Financing Program in developing members. It has also been supporting the Urban Climate Change Resilience Trust Fund under the Urban Financing Partnership Facility since 2015. Designed to establish and strengthen knowledge and learning from selected cities, the facility sets up peer learning networks where cities can share experiences and lessons globally. In 2018, Switzerland provided its contribution to the Cities Development Initiative in Asia Trust Fund under the Urban Financing Partnership Facility. The facility provides services concerning city infrastructure planning, project preparation, financing, and associated knowledge and capacity development.

Switzerland’s collaboration with ADB’s nonsovereign operations is implemented through project cofinancing and involvement with the Trade Finance Program (TFP). From 1 January 2016 to 31 December 2020, private entities in the country had provided cofinancing of $4.2 billion for 12 nonsovereign projects.

ADB’s TFP had also supported 829 Swiss export and import transactions (through Swiss and non-Swiss banks) to developing Asia valued at over $3 billion as of December 2020. Exports and imports were to 12 countries, but mostly to Bangladesh, Pakistan, and Viet Nam. Isolating TFP’s work with Swiss banks,the TFP works with 8 banks operating in Switzerland and has provided guarantees supporting $708.4 million in trade in over 189 transactions. The TFP has mobilized $297 million in cofinancing with banks operating in Switzerland. This cofinancing helps leverage ADB resources and brings more support for developing members.

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