Czech Republic and Slovakia to have common representatives at World Bank and IMF

The Czech Republic and Slovakia are to have common representatives at two important international financial institutions. A Czech official will represent the two states’ interests at the World Bank, while a Slovak counterpart will do likewise at the International Monetary Fund. The positions will be switched after four years. Sixteen years after they split, the Czech Republic and Slovakia signed a treaty on the matter at a World Bank-IMF meeting in Washington in Saturday. Up to now both countries had their own representatives at the two institutions. The change is designed to save money.