The Neustadt International Prize for Literature is a prestigious literary award established in 1970. It is awarded biennially to recognize outstanding works of fiction, poetry, or drama by authors from around the world. The prize aims to promote international literature and foster cultural exchange. The award is named after the city of Neustadt in Germany and is administered by the University of Oklahoma. Recipients receive a monetary award and a crystal trophy, along with the opportunity to participate in literary events. Notable past winners include Gabriel García Márquez and Wole Soyinka.