The Swiss Federal Council is in favor of granting Kazakhstan membership to its constituency in the International Monetary Fund and World Bank.
“Kazakhstan declared an interest in joining the Swiss constituency in the International Monetary Fund (IMF) and World Bank,” according to a July 21 press release from the Swiss government. “During a conference call [July 20], the Federal Council stated that it was in favour of Kazakhstan’s inclusion.”
According to the news release, the membership will be formally completed following the election of IMF and World Bank executive directors in the autumn.
A constituency is a group countries under the purview of an executive director at the sister organizations. There are 24 executive directors that represent and defend interests of countries under their constituencies.
The Swiss constituency includes several of Kazakhstan’s Central Asian neighbors, namely Kyrgyzstan, Tajikistan, Turkmenistan and Uzbekistan.