wpu.sarimf91.31
Brief No 14
V
HER MAJESTY'S TREASURY
1991 IMF/IBRD SPRING INTERIM/DEVELOPMENT COMMITTEE MEETINGS
SVITZERLAND
Finance Minister: Otto STICH
Central Bank Governor: Marky LUSSER
(.
Objectives
To encourage Switzerland to complete the domestic procedures to become a
member of the IMF as soon as possible.
1.
2.
To defer discussion of the Swiss having a seat on the Fund's Board until
1992 Board elections.
(
Line to take
3.
Welcome prospective Swiss membership of the IFIS.
4.
Expertise and resources will be most helpful to IFIs.
5.. Glad that the Swiss authorities and the Executive Board (EB) have reached
agreement on Switzerland's starting quota of SDR 1.7 billion ($2.3 billion).
6. ((I£ raised) the Swiss hope for a seat on the EB.] With the next EB
elections not until 1992, too early for the UK to hold a view on Board
representation after the elections.
Background
The Swiss have had
First via the GAB and,
membership of MIGA; and
7. Sviss government applied for membership in June 1990.
close connections with the Fund and Bank for a long time.
more recently, through the Polish Stabilisation Fund;
contributions to IDA replenishments.
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