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Partners for Financial Stability (PFS) Program
"Sharing Knowledge and Experience"

The United States Agency for International Development (USAID) established the Partners for Financial Stability (PFS) Program in 1999 as a public private partnership to help complete reforms necessary to have market-oriented, sound and well-functioning financial sectors in the eight Central and Eastern Europe (CEE) countries that have since joined the European Union. In 2005, the geographical focus of the program shifted to South East Europe (SEE).

     
Priority PFS Program Technical Areas:
  • Accounting
  • Audit
  • Banking/bank supervision
  • Capital markets/corporate governance
  • Financial sector research
  • Insurance
  • Pension reform/regulation
  • Prevention of money laundering
The goal of the PFS Program is to work with CEE and SEE countries to accelerate financial sector development and reform based on best practices as well as international standards, promoting integration into the European and international economic systems.

The PFS Program provides a wide range of assistance working in collaboration with both private and public financial sector institutions, including: accounting/audit associations, Central Banks, commercial banking associations, economic faculties/universities, Finance Ministries, judicial authorities, regional financial sector groups, regulatory authorities, research institutes and stock exchanges.

     
PFS Program Activities:
  • Advisory services
  • Cross-border study tours
  • Grants to financial sector associations/organizations, research/training institutes and universities
  • Technical seminars/workshops
Each PFS Program activity is demand driven - conceived, designed and implemented in response to the request of a counterpart institution. In return, the counterpart institution covers a percentage of the cost of the activity. PFS Program activities are designed not only to provide technical expertise to address financial sector challenges common throughout the region, but also to promote lasting cooperation and linkages. Facilitating the sharing of experience and knowledge between CEE and SEE financial sectors, the PFS Program promotes the practical application of lessons learned since 1990 in supporting the key financial sector institutions and strengthening the underlying legal/regulatory framework. In this way, sound financial policies and practices can be adopted and effectively implemented.

Since its founding, USAID has worked with a variety of partners to implement PFS Program activities, including: Bearing Point; Deloitte Touche Tohmatsu; East-West Management Institute (EWMI); Financial Services Volunteer Corps (FSVC); and a wide range of U.S financial sector experts and regulatory institutions. EWMI, a New York-based not-for-profit organization, is currently the primary implementing partner.

You are the new visitor to the PFS Program homepage since July 16, 2001.