User Login (before)

PFS Logo

 

About the PFS Program

What We Do

The PFS program is not a typical 'technical assistance' program.  One of the development lessons learned over the past decade is that E&E countries can learn from the experience, both positive and negative, of their neighbors.

Jointly based in Zagreb, Croatia, and Washington, DC, PFS supports financial sector development by bringing together regional players from Partner and Mentor Countries to address regional challenges, promote the adoption and implementation of international best practices, and to share experience and lessons learned.  PFS activities are coordinated with the individual USAID missions in a manner that complements the missions' Economic Growth programs.

About PFS (English)

About PFS (Russian)

About PFS (Serbo-Croatian)


Our Region

Partner Countries

  Mentor Countries  
  • Albania
  • Bosnia & 
    Herzegovina
  • Kosovo
  • Macedonia
  • Montenegro
  • Serbia
  • Armenia
  • Azerbaijan
  • Belarus
  • Georgia
  • Moldova
  • Ukraine

  • Bulgaria
  • Croatia
  • Czech Republic
  • Estonia
  • Hungary
  • Latvia

  • Lithuania
  • Poland
  • Romania
  • Russia
  • Slovakia
  • Slovenia


History

The Partners for Financial Stability Program was created in 1999 to support the economic transition of eight Central & Eastern European (CEE) countries: Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Slovakia, and Slovenia. PFS focused specifically on promoting financial sector development through short-term, demand-driven activities that strengthened institutions and market participants that were seeking to meet international standards of best practice.

In 2005, PFS moved its activities to Southeast Europe (SEE) and expanded into Ukraine and Kazakhstan and then to other parts of the former Soviet Union in 2007.  The current regional scope of PFS came into effect in 2010.

During its first 10 years, PFS focused on developing the financial market laws, policies and practices that were important for the partner countries in fulfilling the requirements of the European Union and other key international standards in the financial sector. The new PFS program builds upon previous experience and continues to work in these important areas.

Addressing the spread of the recent global financial and economic crisis to the E&E Region, PFS plays an important role in attending to the challenges that remain within the financial systems in the region.

View the past PFS Program websites here:

http://www.pfsprogram.org/archive/pfsorg/index.html

http://www.pfsprogram.org/archive/pfsnet/index.php.htm


Priority Areas

Banking

  • Macro prudential Supervision
  • Basel and Solvency II
  • Risk Management
  • Depositor Protection
  • Anti-Money Laundering

Insurance, Financial Safety Nets

  • Insurance Supervision
  • Insurance/Actuarial Industry
  • Funded Pension Systems


Capital Markets

  • Debt and Equity Markets
  • Corporate Governance

Accounting and Audit
  • Accounting and Auditing Standards
  • Professional Development of Accountants,
    Auditors and Financial Advisors

Financial System Inclusion

  • Access to Finance
  • Financial Literacy

Financial Sector Enabling Environment

  • Bankruptcy, Collateral and Credit Information
  • Electronic Financial Services


 

 

 

 

 

 

 

 

 

 

 

 


The PFS Team   |   About USAID