Switzerland to allocate additional $219 million to support business amid COVID-19

The Swiss government will allocate an additional 200 million francs ($219.4 million) to help compes cope with the difficult economic situation in the wake of the COVID-19 pandemic, the Federal Council said in a statement.

The money, in particular, will be used to pay guarantees, loans, or gratuitous contributions. Loans, sureties, and guarantees will have a maximum duration of 10 years.

The decision is expected to take effect in early December. (/Sputnik)

( With inputs from ANI )

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