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FSVC Receives $1.5 million to Support Regional Financial Integration within the East African Community
The U.S. Agency for International Development (USAID) selected FSVC to run a three-year program beginning in July 2011 to promote regional financial sector deepening and integration among the East African Community (EAC) member states. The EAC is comprised of Kenya, Tanzania, Uganda, Rwanda, and Burundi. FSVC will deliver technical assistance to the EAC Secretariat Financial Sector Development Regionalization Project (FSDRP) team and member state financial institutions to build their capacities in the areas of cross-border banking supervision, anti-money laundering and combating terrorist financing, capital markets development, and small and medium-sized enterprise lending. The program will begin with assessments of current EAC capabilities and needs and proceed to tailor workshops to address those needs. To manage this program, FSVC is currently seeking a Country Director to be based in Nairobi. This will be the first FSVC technical assistance program in Kenya.