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Swiss to rescue Geneva's multilateral hub with $390 million relief package

Swiss and Geneva authorities approved measures that 'aim to ease acute funding shortfalls' for international organizations.

A sign of the times in the U.N.'s European headquarters at Geneva's Palais des Nations.
A sign of the times in the U.N.'s European headquarters at Geneva's Palais des Nations. (AN)

BERN, Switzerland (AN) — Swiss authorities announced a massive relief package for financially battered international organizations in Geneva.

At a meeting on Friday in the Swiss capital Bern, the Federal Council of seven ministers, which includes the president, approved spending 269 million Swiss francs ($329 million) on an urgent package of measures.

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