The Swiss voice in the world since 1935
Top stories
Stay in touch with Switzerland

Helvetistan, a key alliance for Switzerland

Helvetistan is an informal name that refers to a group of countries whose voice Switzerland represents at the World Bank and the International Monetary Fund (IMF), two of the world's main multilateral financial institutions.

This voting bloc – also known as a constituency – was established in 1992, when Switzerland joined the World Bank and the IMF. Since then, the Alpine country has led this alliance, which is made up of several countries from Europe and Central Asia: Azerbaijan, Kazakhstan, Kyrgyzstan, Poland, Serbia and Montenegro, Tajikistan, Turkmenistan and Uzbekistan.

In practice, this means that Switzerland not only defends its own interests within these institutions, but also coordinates positions, represents shared concerns and takes part in decision-making on behalf of the entire group. These decisions range from the approval of loans and financial assistance to the definition of environmental, social and governance standards that shape projects around the world.

Video editing: Virginie Mangin

More
A riverbed in the Amazon

More

International cooperation

What are development banks and what do they do?

This content was published on Development banks are becoming increasingly important in light of cuts to foreign aid by Western countries such as the US and Switzerland. But what do they achieve for the Global South?

Read more: What are development banks and what do they do?

Popular Stories

Most Discussed

You can find an overview of ongoing debates with our journalists here . Please join us!

If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.

SWI swissinfo.ch - a branch of Swiss Broadcasting Corporation SRG SSR

SWI swissinfo.ch - a branch of Swiss Broadcasting Corporation SRG SSR