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VideoJune 20, 2023

Austria and ÐÓ°ÉÂÛ̳: 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)¡ªalso known as the ÐÓ°ÉÂÛ̳. 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 ÐÓ°ÉÂÛ̳ Group (WBG) office in Vienna, which today is a hub for WBG operations in Europe & Central Asia, and beyond.