congress - Austria / II. Republic of Austria 1961 - 3 Shilling

On September 18, 1961, the finance and economic ministers and the central bank governors of 70 countries, accompanied by senior officials of their ministries, gathered in the Vienna Hofburg. The occasion for this meeting was the annual meeting of the World Bank and the Monetary Fund, the International Finance Corporation and the International Development Association. The first organization meeting in Vienna, which also gave the conference its name, was the World Bank. It was founded at the Bretton Woods Economic Conference in July 1944 and began operations in June 1946. The Bank is an international community organization and is associated as a special agency with the United Nations. At the same time as the World Bank, the International Monetary Fund held its annual meeting in 1961. It is an intergovernmental organization whose member countries have committed themselves to promoting international monetary policy cooperation and thus a healthy growth of world trade. The other two organizations participating in the World Bank Congress, the International Financial Corporation, founded in 1956, and the International Development Association, are also serving this purpose. The brand motif symbolically shows a globe and a Mercury figure.