Kazakhstan to join Swiss group at IMF and World Bank

Flag of Kazakhstan

Flag of Kazakhstan

Kazakhstan to join Swiss group at the IMF and World Bank

Kazakhstan had declared and interest in joining the Swiss group at the International Monetary Fund (IMF) and World Bank (WB) which consists – besides Switzerland – of Kyrgyzstan, Tajikistan, Turkmenistan and Uzbekistan.

During a conference call on Tuesday, 20.07.2010, the Swiss Federal Council has expressed his support of Kazakhstan joining the group.

The membership will formally be completed in the autumn, when the IMF and WB Executive Directors are elected. In the IMF, the Swiss group will then have voting rights of 2.05% of the total.

Sources: Federal Department of Foreign Affairs, IMF

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