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VideoJune 20, 2023

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

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.