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The International Monetary Fund is coming to Vienna

May 2, 2019

The International Monetary Fund is opening its new offices in Vienna and the World Bank is significantly expanding up its representation in Austria’s federal capital.

The International Monetary Fund (IMF) is set to open offices in Vienna in June, and the World Bank is doubling staff numbers in the Austrian capital to 250 employees.

Until now, the Washinton DC-based Monetary Fund has only had a presence in seven EU countries. Its new Vienna office is to concentrate on Central and Eastern Europe (CEE), with a special focus on the Western Balkans. The number of staff to be based in Vienna is yet to be confirmed. The World Bank Group currently has 20 offices throughout Europe but is represented in only eight EU countries.

For Vienna, already home to a host of international institutions, this new addition not only cements its reputation as a cosmopolitan city and financial centre, but will also boost the local economy. Vienna is home to over 40 international organisations together employing some 6,400 staff, including the International Atomic Energy Agency (IAEA), the offices of the United Nations and the OPEC oil cartel.