Wikiwand AI

Joint Vienna Institute

From Wikipedia, the free encyclopedia

The Joint Vienna Institute (JVI) is an international organization in Vienna, Austria.[1]: 7  It was established in 1992 to provide professional training to public officials from economic institutions, including central banks, supporting the post-communist transition in Central and Eastern Europe and the post-Soviet states.[2]: 102–107 

The JVI was established in September 1992 as a common project of the Austrian Ministry of Finance, Bank of International Settlements (BIS), European Bank for Reconstruction and Development (EBRD), International Monetary Fund (IMF), Organisation for Economic Co-operation and Development (OECD), Oesterreichische Nationalbank (OeNB), and International Bank for Reconstruction and Development (World Bank).[2]: 102  The initial idea came from the OeNB,[2]: 103  and was strongly supported by IMF Managing Director Michel Camdessus.[1]: 7 

The JVI was initially intended as a temporary structure to accompany the post-communist transition, expected to close in August 2004. In 2002, however, the sponsoring organizations decided to make it permanent.[2]: 105  In the early 2010s, the Austrian government and the IMF were the JVI's main financial backers.[3] They have extended their financial commitment to the JVI on a four-year basis, with renewals in 2010, 2014, 2018, and 2022.[4]

The JVI's membership was expanded beyond the founders to include the World Trade Organization (WTO) in 1998[4] and the European Investment Bank (EIB) in 2013.[3] The European Commission, which supported the JVI from the start but declined to be one of its founding members for legal reasons,[1]: 8  gained observer status in 2007.[4]

Leadesrhip

  • Andrew Beith, Director 1992-1995[5]
  • Horst Struckmeyer, Director ca. 1995-1998
  • Lindsay Wolfe, Director ca. 1998-2002
  • Pamela Bradley, Director ca. 2002-2006
  • Eduard Hochreiter, Director 2006-2012
  • Norbert Funke, Director 2012-2016[6]
  • Thomas Richardson, Director 2016-2020[7]
  • Hervé Joly, Director since 2020[8]

Influence

See also

Notes

Related Articles

Timelines

Top Qs

Fact Checks