The IMF organizes courses at the JVI in Austria primarily for officials from countries in Central, Eastern, and Southeastern Europe, the Caucasus and Central Asia. The JVI was established in 1992 and is currently supported by two Primary Members: the Austrian Authorities’ the Federal Ministry of Finance and the Oesterreichische Nationalbank’ and the IMF; as well as by five Contributing Members: the European Bank for Reconstruction and Development, the European Investment Bank, the International Bank for Reconstruction and Development (World Bank), the Organization for Economic Cooperation and Development, and the World Trade Organization. Since late 2007, the European Commission has had observer status. Generous financial support is also provided by a number of donor countries. Since 2009, the IMF has expanded its offerings at the JVI to cover more advanced topics in macroeconomics and finance.
Participation in courses is mainly by application. For courses open only by invitation candidates are nominated by government agencies at the request of the IMF department responsible for the course.
Candidates from international agencies and advanced regional countries who apply to attend IMF training events, if accepted, will be considered self-financed. Local staff in IMF Resident Representative offices selected to train at regional training centers and programs would also be self-financed. However, they are eligible to attend training at HQ as regular participants. Attending as self-financed provides the same access to course content and activities, but all associated costs (accommodation, travel, and per diem) need to be covered by the sponsoring institution.