Productive interaction between Kazakhstan and Switzerland in the framework of the Bretton Woods Institutions

Almaty, June 9, 2023 – The grand opening of the IMF Regional Capacity Development Center for the Caucasus, Central Asia and Mongolia took place in Almaty with the participation of the Deputy Secretary of State, Head of the Foreign Economic Directorate of the State Secretariat of the Economic Affairs of Switzerland, Ivo Germann.

The Center, which has been operating remotely since February 2021, is a joint project of the IMF, nine member countries (Azerbaijan, Armenia, Georgia, Kazakhstan, Kyrgyzstan, Mongolia, Tajikistan, Turkmenistan and Uzbekistan) and development partners, and represents an important step by the countries of the region in deepening cooperation with the IMF on the development of economic policy and the development of institutions, the search for new inclusive factors of economic growth.

Switzerland has become one of the largest donors to the Center opened in Almaty, and interaction within the Bretton Woods institutions, including the IMF, is one of the main areas of Kazakhstan-Switzerland cooperation. Switzerland successfully represents Kazakhstan's interests in the subgroup of the World Bank and the IMF, which also includes Poland, Serbia, Azerbaijan, Turkmenistan, Kyrgyzstan and Tajikistan.