IRRC No. 101

ICRC financial situation in 1968

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Three important events affected the ICRC's financial position in 1968, namely:1. The decision of the Swiss Federal Council on 13 March to increase to 2.5 million francs Switzerland's regular annual contribution to the ICRC and also to convert into a subsidy the current account advances granted over previous years to finance relief actions. These advances had been drawn from a 7.5 million franc credit granted in 1946.

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