The Swiss voice in the world since 1935

Swiss phase out funding for Geneva Initiative

Palestinian, Swiss and Israeli politicians posing for photographer
Yasser Abed Rabbo, head of the Palestinian delegation, together with Swiss Foreign Minister Micheline Calmy-Rey, and the chief of Israeli delegation, Yossi Beilin, (from left to right), during the signing ceremony for the Geneva Accord, in Switzerland in December 2003. Keystone/Sandro Campardo

Switzerland is to withdraw its financial support for a conflict settlement between Israeli and Palestinian civil societies.

The foreign ministry said it decided to phase out its funding by 2024 following an external evaluation, saying the Geneva Initiative was important in the beginning but its effectiveness and impact diminished over the past two decades.

It also lacked political backing both from Israel and the occupied Palestinian territory, according to a statementExternal link released on Tuesday.

Switzerland has contributed about CHF18 million ($19.7 million) to the initiative since its launch in 2003. From 2009 it gradually reduced its annual financial support from CHF1 million to CHF180,000 last year.

The Geneva Initiative led to the Geneva AccordExternal link nearly 20 years ago and is considered a reference document to show options for a two-state solution between Israel and Palestine.

The Swiss foreign ministry said it remains committed to promoting peace in the Middle East and it would allocate the funding for the Geneva Initiative to other similar efforts as of next year.

Popular Stories

Most Discussed

News

Lakes in Central Switzerland have the best bathing water quality

More

Lakes in Central Switzerland have best water quality for bathing

This content was published on Anyone who swims in a lake in Central Switzerland need have no fear of infection from intestinal bacteria. The water samples taken at 65 bathing sites in 13 lakes all have good to excellent bathing water quality.

Read more: Lakes in Central Switzerland have best water quality for bathing
Historic ring stolen from Basel museum

More

Historic Russian ring stolen from Basel museum

This content was published on Unknown assailants have stolen a historic ring from a Basel museum. The stolen item was a gift from Russian Tsar Alexander I to his host in Basel in 1814.

Read more: Historic Russian ring stolen from Basel museum
Ceasefire drives stock markets higher

More

Ceasefire drives stock markets higher

This content was published on The ceasefire in the Iran-Israel war has visibly eased tensions on the financial markets. The SMI, Switzerland's leading stock market index, has risen above the 12,000 point mark again.

Read more: Ceasefire drives stock markets higher
Swiss stick to tipping in cash

More

Swiss stick to tipping in cash

This content was published on The vast majority of Swiss people tip in restaurants – and preferably in cash. However, there are regional differences.

Read more: Swiss stick to tipping in cash

In compliance with the JTI standards

More: SWI swissinfo.ch certified by the Journalism Trust Initiative

You can find an overview of ongoing debates with our journalists here . Please join us!

If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.

SWI swissinfo.ch - a branch of Swiss Broadcasting Corporation SRG SSR

SWI swissinfo.ch - a branch of Swiss Broadcasting Corporation SRG SSR