Financial Services Volunteer Corps, Washington, DC
The Financial Services Volunteer Corps (FSVC) is a not-for-profit, private-public partnership whose mission is to help build sound banking and financial systems in transition and developing countries. The premise of FSVC’s work is that sound financial infrastructure, together with the rule of law, is necessary to mobilize domestic savings, attract foreign investment, deepen international trade linkages, and create conditions that promote lasting economic opportunity.
FSVC was founded in 1990 by the late Cyrus Vance, former U.S. Secretary of State, and John Whitehead, former Co-Chairman of Goldman Sachs and former U.S. Deputy Secretary of State, at the request of President George H. W. Bush. FSVC’s Board is currently chaired by Mr. Whitehead. Paul Volcker, former Chairman of the Board of Governors of the U.S. Federal Reserve System, is the Honorary Chairman of the Board.
FSVC’s core work concentrates on strengthening commercial banking systems, developing central bank capabilities, and building capital markets. Technical Assistance and training is delivered by structured practical, results-oriented missions staffed by financial sector practitioners who serve as unpaid volunteers.