Austria and International Financial Institutions
International Financial Institutions (IFIs), in particular, Multilateral Development Banks (MDBs), which includes the World Bank Group, the African Development Bank Group, the Asian Development Bank, the Asian Infrastructure Investment Bank, the European Bank for Reconstruction and Development and the Inter-American Development Bank as well as the International Fund for Agricultural Development and the Global Environmental Facility, are of great importance to Austria. Thus, Austria is a shareholder of these institutions and has been a founding member in some of them. MDBs play a crucial role in attaining the Sustainable Development Goals and the Agenda 2030. Austria is also committed to these institutions because their development policy goals overlap with Austrian economic interests.
Strategic guidelines for IFIs
The Ministry of Finance is responsible for representing Austria at Multilateral Development Banks and effectively pursues Austria's development and economic policy interests there. The strategic course to be followed is outlined in the Strategic Guidelines of the Federal Ministry of Finance for International Financial Institutions.
Austrian representation on the boards of governors
Austria is represented by the Federal Minister of Finance on the boards of Governors of the international Financial Institutions (Chart).