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Switzerland wants to increase its influence on the African Development Bank

The Swiss government wants to invest $ 1.89 billion in African Development Bank (ADB), there, "increase its influence," the country's statement issued on the website of the country's Federal Council.

"The Federal Council would like Switzerland to increase the African Development Bank (ADB), it offers to approve 1.56 billion francs (about $ 1.89 billion).

He made this decision during his April 30 meeting. Thus, Switzerland will strengthen its influence in ADB, contributing to the stable and inclusive economic development in Africa, "the document said.