Austria and World Bank: 75 Years of Partnership Building a Better Future

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2023 marks the 75th anniversary of the Republic of Austria joining the International Bank for Reconstruction and Development (IBRD)—also known as the World Bank. This was the first milestone in a collaboration based on the shared belief in development cooperation. Having experienced its benefits first-hand in the aftermath of World War II, Austria, through the Federal Ministry of Finance, became a trusted contributing partner over time. The relationship has been further strengthened with the opening of a World Bank Group (WBG) office in Vienna, which today is a hub for WBG operations in Europe & Central Asia, and beyond.