Switzerland and the World Bank sign agreement on the restitution of Kazakh assets
Bern, 21.12.2012 - Switzerland is using a World Bank trust fund as a means to return USD 48 million in assets to Kazakhstan. These funds are meant to benefit the people of Kazakhstan. The Agreement was signed by the Swiss Agency for Development and Cooperation (SDC) and the World Bank on 20 December 2012. This restitution is in keeping with Switzerland’s longstanding policy in combating the abuse of its financial centre.