1990
1990

FOUNDED

FSVC is founded at U.S. Presidential Initiative by
John Whitehead and Cyrus Vance.

1990

BEGINNINGS

Cyrus Vance and John Whitehead head FSVC lead missions to Poland, Czechoslovakia, Hungary and Yugoslavia.

1993

TRAINING & INTERNSHIPS

FSVC, in collaboration with the Federal Reserve Bank of New York and Fairfield University, trains more than 200 young Russian bankers in market-based banking, followed by internships at commercial banks across the United States.

1994

DEVELOPMENT

FSVC implements first project in the Ukraine.

1995

Expansion

FSVC expands beyond Russia and Ukraine to other Republics of the Former Soviet Union, including Kazakhstan and the Kyrgyz Republic.

1999

First reach to South East Asia

Following the global financial crisis in 1998, FSVC provides critical technical assistance to Indonesia, delivering recommendations directly to the President.

2000
2001

POST-9/11 URGENCY

A month after 9/11, FSVC Executive Director Andy Spindler and Director John Walker publish an op-ed piece in The International Herald Tribune urging that more attention be paid to improving the financial well-being of people in emerging market countries to address “the economic roots of terrorism.”

2003

First Mission to India

FSVC conducts first mission to India, where it would work for 5 years to increase access to finance for small and medium- sized enterprises, among other key initiatives.

2003

FOCUS ON THE MIDDLE EAST AND NORTH AFRICA

FSVC sends lead missions to Egypt, Jordan, Morocco and the Gulf region, marking the beginning of work in North Africa and the Middle East. The missions concluded that job creation and support for small businesses should be a critical economic priority.

2006

Continuing Support to Indonesia

FSVC backstops efforts of Former U.S. Federal Reserve Board Chairman Paul Volcker, FSVC’s Co-Chairman during 1998-2005, to provide economic and financial policy advice to Indonesia’s leadership.

2007

FIRST MISSION TO SUB-SAHARAN AFRICA

FSVC launches its first major technical assistance mission to Sub-Saharan Africa, in Malawi.

2010
2011

More Expansion in Africa

FSVC begins program activity in Kenya, Tanzania, Uganda, Rwanda and Burundi, launching a major expansion of program activity in Sub-Saharan Africa.

2012

GROWING FOCUS ON PUBLIC FINANCIAL MANAGEMENT

FSVC begins major initiatives to strengthen public financial management across North Africa and the Middle East, as well as Sub-Saharan Africa.

2014

BACK TO INDONESIA

FSVC re-engages in Indonesia, establishes new program to combat financial corruption.

2015

25th ANNIVERSARY

FSVC celebrates its 25th Anniversary with an event for friends and supporters to commemorate a quarter century of accomplishments.

2016

PROMOTING FINANCIAL INTEGRITY IN AFRICA & THE MIDDLE EAST

FSVC continues to expand its work to promote financial integrity, including anti-money laundering and combating the financing of terrorism, throughout Africa and the Middle East.

2017

COLLABORATION WITH BLOOMBERG

FSVC launches program with Bloomberg to strengthen capital markets in East Africa.