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FSVC Newsletter – Strengthening Fiscal Transparency and Accountability in Panama


Representatives from the Ministry of Economy and Finance and civil society organizations at an FSVC roundtable. Panama City, Panama, May 2022
On November 29th, FSVC will celebrate #GivingTuesday, a movement that honors generosity. On this occasion, we are looking back at some of our successes of this year.
One of FSVC’s core specialties is to strengthen the efficiency, transparency and accountability of public financial management in developing countries. For example, with support from the U.S. Embassy Panama, FSVC has implemented a program to combat corruption in the country through open budgets. As part of this work, FSVC provided technical assistance to the Ministry of Economy and Finance (MEF) to develop two key budget documents that had never been published before in PanamaThese two documents are the Citizens Budget, a public document that summarizes and easily explains the national budget to the everyday person, and the Mid-Year Review, an evaluation of the budget execution six months into the fiscal year as compared to the original budget law.
The publication of these budget documents represents a strong step towards greater fiscal accountability and transparency. “This milestone is significant, congratulations to the MEF! I am pleasantly surprised, you have heard the public,” expressed a Panamanian civil society activist during a roundtable organized by FSVC.
Private donations are critical in helping us continue our mission to promote resilient and inclusive economies in developing countries. Can we count on you to be part of our generous network of supporters?

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About Us

The Financial Services Volunteer Corps (FSVC) is a not-for-profit organization that helps strengthen financial sectors in developing and emerging market countries. It does so with the ultimate aim of promoting job creation, economic growth and a better quality of life. FSVC structures practical, results-oriented technical assistance and training missions staffed by senior financial sector professionals who serve as unpaid volunteer experts. Over the past 32 years, more than 10,000 volunteer experts from the international financial, legal and regulatory communities have taken part in 3,400 missions, impacting millions of people in 70 countries.