International Financial Institutions World Bank Group and IMF Expand Presence in Austria

OrganizationsInternational Organizations ♦ Published: March 29, 2019; 21:38 ♦ (Vindobona)

Important success for Austria's business location policy. According to media reports, the IMF International Monetary Fund will move to Vienna in June, while the World Bank Group will double the staff and size of its Vienna office.

The Austrian Ministry of Finance already rented a total of eight floors in the Galaxy Tower in Vienna's 2nd district, where the World Bank Group already uses offices. / Picture: © Wikimedia Commons / / Bwag [CC BY-SA 4.0 (]

The International Monetary Fund opens its first office in June, and the World Bank Group doubles its staff in Vienna from currently 125 to 250, write the daily newspapers "Die Presse" and "Der Standard", and the ORF.

According to these reports, the Ministry of Finance under Hartwig Löger rented additional floors including office furniture (a total of eight floors) only a few…