The World Bank Group in Vienna
December 11, 2013
- 10 March, 2014: Why Women Don't Work in the Western Balkans. Blog by Ellen Goldstein, Country Director for Southeast Europe.
- 4-5 March, 2014: Western Balkans Activation and Smart Safety Nets Workshop, Vienna, Austria
- 27-28 February, 2014: Bretton Woods @ 70: Regaining Control of the International Monetary System, Vienna, Austria. Participation by Hans Timmer, World Bank Chief Economist for Europe and Central Asia, and Ellen Goldstein, Country Director for Southeast Europe.
- 26 February, 2014: Interview with Ellen Goldstein: World Bank aims to double 2014 Western Balkans funding to boost fragile economic recovery (SeeNews)
- 24 February, 2014: Investing in the Western Balkans - EBRD Conference, London, United Kingdom. Participation by Ellen Goldstein, World Bank Country Director for Southeast Europe.
The World Bank Group's presence in Vienna dates back to 2004, when the European Investor Outreach Program, an initiative of the current Vienna based office of the Investment Climate Department, was managed out of the Austrian capital. Other World Bank Group programs have followed suit, including the Centre for Financial Reporting Reform, the Financial Sector Advisory Centre, as well as the Danube Water Program and the Urban Partnership Program.
In 2013, the management of the World Bank’s program in Southeast Europe was decentralized to Vienna, allowing it to take full advantage of the proximity to client countries. The expanded Vienna office was made possible with the kind support of the Austrian Government.
The World Bank Group office in Vienna houses the following programs and units:
The CFRR was set up 2007 in Vienna to provide expert advice, implementation support, and capacity development in the area of corporate financial reporting reform. It offers a range of services to partner countries including diagnostics and publications, country-specific technical and help desk assistance, regional knowledge sharing and peer learning activities, as well as partnerships with international institutions and stakeholders.
From the Vienna office, the Country Director for Southeast Europe leads the management of the World Bank's lending program and analytical work in Albania, Bosnia and Herzegovina, Kosovo, FYR Macedonia, Montenegro, and Serbia, to support their economic development and preparation for eventual European Union membership.
Almost 40 ongoing investment projects, worth about $1.7 billion overall in World Bank loans, help address development needs in areas such as transport, energy, environment, health, education, and social protection. Economic analysis and policy advice, based on the World Bank's global reach and experience, also constitute an integral part of the Group's engagement in the countries of Southeast Europe.
The Danube Water Program supports policy dialogue and capacity development activities to achieve smart policies, strong utilities, and sustainable services in the water supply and wastewater sector in the Danube Region. The Program is jointly run by the World Bank and the International Association of Water Supply Companies in the Danube River Catchment Area (IAWD), with seed financing from the Government of Austria.
Drawing on the lessons for hands-on technical assistance needs from the 2008 financial crisis that engulfed Southeast Europe, the World Bank, with Austria's Ministry of Finance financial support, decided to establish the Financial Sector Advisory Centre (FinSAC). Its mandate covers interventions in four distinct areas, namely (a) macro-financial stability, (b) micro-prudential regulation and supervision, (c) bank recovery and resolution, and (d) financial consumer protection and financial literacy. Its team of financial sector specialists manages interventions in Albania, Bosnia and Herzegovina, Croatia, Georgia, Kosovo, Moldova, Montenegro, Romania, Serbia and Ukraine.
The Vienna office of the Investment Climate Department provides assistance in the areas of investment policy, international trade, and business taxation to partner countries throughout Eastern Europe and Central Asia, as well as the Middle East and North Africa. The office implements investment climate projects, facilitates knowledge sharing and peer-to-peer learning activities, and contributes to the Department’s global research and knowledge management agenda.
Through knowledge exchange, peer learning, and city partnerships, the Urban Partnership Program strengthens the capacity of local governments in Southeast Europe to more effectively manage urban development for inclusive and sustainable growth. Key areas include municipal finance, urban planning and land management, governance and anti-corruption, leadership development, and social accountability and sustainability. Supported by the Austrian Government, the program is implemented jointly with the Network of Associations of Local Authorities in Southeast Europe.
The World Bank Group
Praterstrasse 31 - 21st Floor
Phone: +43 (0)1 2170 797, Fax: +43 (0)1 2170 701
Phone: +43 (0)1 2170 711
For information about the World Bank Group, click here