Dhaka, Jan. 30 -- The Swiss government has announced that it will discontinue its development aid programmes in Bangladesh, Albania, and Zambia, following a reduction in foreign aid funding approved by parliament last December.

Parliament cut CHF 110 million ($121 million) from the 2025 international cooperation budget and CHF 321 million from the financial plan for 2026-2028, reports Swissinfo.

According to an official statement, these reductions will affect bilateral, economic, and thematic cooperation, along with contributions to multilateral organisations.

On Wednesday, the Federal Council, Switzerland's executive body, was informed of the budget cuts. In response, the Swiss Agency for Development and Cooperation (SDC) will phase o...