Austria's World Bank Relationship: A Global Partnership

Austria has been a member of the World Bank Group since 1948, when it joined the International Bank for Reconstruction and Development (IBRD). It is also a member of the International Development Association (IDA), the International Finance Corporation (IFC), the International Monetary Fund (IMF) and the International Fund for Agricultural Development (IFAD). Austria is a valued and steadfast partner of the World Bank, working together to finance projects, design policies, and deliver programs to eradicate poverty in the developing world and promote a stable global economy.

Austria's membership of the World Bank

Austria is a valued and steadfast partner of the World Bank, having been a member for 75 years. Austria is a member of all five institutions that form the World Bank Group, including the International Bank for Reconstruction and Development (IBRD), which it joined in 1948. It also joined the International Development Association (IDA) in 1961 and the International Finance Corporation (IFC) in 1956. Austria's Federal Minister of Finance represents the country on the World Bank Board of Governors, the Bank's senior decision-making body.

Austria supports international efforts to promote human and economic development, reduce poverty, and boost shared prosperity on a livable planet. Together with other member countries, Austria and the World Bank work to finance projects, design policies, and deliver programs to eradicate poverty in the developing world. The Vienna office supports outreach activities, often in collaboration with Austrian partners, such as organizing and supporting conferences, seminars, and other events on development-related topics.

Austria is a shareholder of the World Bank and has been a founding member of some of the Multilateral Development Banks (MDBs) that it is a part of. MDBs play a crucial role in attaining the Sustainable Development Goals and the Agenda 2030, which Austria is committed to.

The World Bank's Vienna office

Austria has been a member of the World Bank Group since 1948, when it joined the International Bank for Reconstruction and Development (IBRD). The World Bank Group works towards establishing peace, promoting a stable global economy, and encouraging the use of renewable resources and environmentally friendly production. Austria is a valued partner of the World Bank, working together to confront the multiple crises facing Europe and the world.

Austria is a shareholder of the World Bank Group and has been a founding member of some of the Multilateral Development Banks (MDBs) that are part of the group. MDBs play a crucial role in attaining the Sustainable Development Goals and the Agenda 2030. Austria is committed to these institutions because their development policy goals overlap with Austrian economic interests.

The Federal Minister of Finance represents Austria on the World Bank Board of Governors, the Bank’s senior decision-making body. The Governors, usually Ministers of Finance or Development, meet twice a year.

The World Bank's work to promote human and economic development

Austria is a valued and steadfast partner of the World Bank, working together to confront the multiple crises facing Europe and the world. Austria supports international efforts to promote human and economic development, reduce poverty, and boost shared prosperity on a livable planet. Austria and the World Bank work together to finance projects, design policies, and deliver programs to eradicate poverty in the developing world. Driven by the recognition that today’s challenges require global action, the long-standing partnership is based on the commitment to multilateral development cooperation. Austria is a member of all five institutions that form the World Bank Group and joined the International Bank for Reconstruction and Development (IBRD) in August 1948. The memberships to the International Development Association (IDA) followed in 1961, to the International Finance Corporation (IFC) in 1956, and the International Fund for Agricultural Development and the Global Environmental Facility. Austria is also a shareholder of these institutions and has been a founding member of some of them. MDBs play a crucial role in attaining the Sustainable Development Goals and the Agenda 2030. The Vienna office supports outreach activities, often in collaboration with Austrian partners, such as organizing and supporting conferences, seminars, and other events on development-related topics. The office serves as an entry point for groups in Austria wishing to contact World Bank staff across the world or access the plethora of information the Bank publishes. The Federal Minister of Finance represents Austria on the World Bank Board of Governors, the Bank’s senior decision-making body. The Governors, usually Ministers of Finance or Development, meet twice a year.

The World Bank's work to promote peace

Austria is a valued and steadfast partner of the World Bank, working together to confront the multiple crises facing Europe and the world. Austria is a member of all five institutions that form the World Bank Group and joined the International Bank for Reconstruction and Development (IBRD) in August 1948. The memberships to the International Development Association (IDA) followed in 1961, to the International Finance Corporation (IFC) in 1956, and the International Monetary Fund (IMF) in 1992. The World Bank Group works towards establishing peace, promoting a stable global economy, and encouraging the use of renewable resources and environmentally friendly production. Austria supports international efforts to promote human and economic development, reduce poverty, and boost shared prosperity on a livable planet. Together with other member countries, Austria and the World Bank finance projects, design policies, and deliver programs to eradicate poverty in the developing world. The Vienna office supports outreach activities, often in collaboration with Austrian partners, such as organizing and supporting conferences, seminars, and other events on development-related topics. The Federal Minister of Finance represents Austria on the World Bank Board of Governors, the Bank’s senior decision-making body. The Governors, usually Ministers of Finance or Development, meet twice a year.

The World Bank's work to promote environmentally friendly production

Austria is a valued and steadfast partner of the World Bank, working together to confront the multiple crises facing Europe and the world. Austria is a member of all five institutions that form the World Bank Group and has been since 1948. The Vienna office supports outreach activities, often in collaboration with Austrian partners, such as organising and supporting conferences, seminars, and other events on development-related topics.

The World Bank Group works towards establishing peace, promoting a stable global economy, and encouraging the use of renewable resources and environmentally friendly production. Austria is a shareholder of the World Bank and has been a founding member of some of the institutions that form the group. The World Bank Group includes the Global Environmental Facility, which is of great importance to Austria.

Austria supports international efforts to promote human and economic development, reduce poverty, and boost shared prosperity on a livable planet. Austria and the World Bank work together to finance projects, design policies, and deliver programs to eradicate poverty in the developing world. The Federal Minister of Finance represents Austria on the World Bank Board of Governors, the Bank’s senior decision-making body.

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