Financial Services Volunteer Corps (FSVC)
The Financial Services Volunteer Corps (FSVC) is a not-for-profit public-private partnership whose mission is to help build sound financial systems needed to support healthy market economies in transitional and developing countries. Sound financial infrastructure is essential to support private entrepreneurship, promote job creation, mobilize domestic savings, attract foreign investment and create conditions that promote lasting economic opportunity. FSVC’s core work concentrates on strengthening commercial banking systems, developing central bank capabilities, and building capital markets. A critical area of current work involves advising governments, central banks and financial institutions on effective responses to the challenges of the recent global financial crisis. Major additional areas of work include strengthening the legal framework for the financial sector, improving access to financial services for small and medium-sized enterprises (SMEs), financial inclusion, and strengthening financial sector capacity to combat money laundering and corruption. FSVC structures practical, results-oriented technical assistance and training missions staffed by senior financial sector practitioners who serve as unpaid volunteers. Over the past twenty years, nearly 8,000 experts from the international financial, legal and regulatory communities have taken part in more than 2,200 FSVC missions, reaching over 34,000 counterparts in nearly 50 developing and transition countries. FSVC’s work in recent years has been focused in the Middle East, Russia and other CIS countries, South Asia, and Africa.