Kofi Annan's think tank in Geneva declared bankrupt

“An international humanitarian think-tank presided by former UN Secretary General Kofi Annan is closing down after it plunged deep into debt, Swiss authorities said Wednesday.  The Geneva-based Global Humanitarian Forum, which was partly financed by the Swiss government, was launched in 2007 in Geneva under Swiss impetus to bring together the humanitarian community, governments and private companies.  The Swiss Foreign Ministry said in a statement that the non-profit foundation was ‘over-indebted and must halt its activities’.  The Swiss government agreed to pay 1.75 million Swiss francs (1.2 million euros, 1.6 million dollars) to foot half of the debt and the cost of redundancy for about a dozen staff”… Thanks to a tip, this news was located here.

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