Who We Are
FinSAC is part of the World Bank Finance, Competitiveness and Innovation Global Practice (FCI). Financial stability and integrity is one of six global themes through which FCI helps client governments foster conditions that promote the resilience, stability, and integrity of financial systems. Critical to the World Bank’s mission of reducing extreme poverty and promoting prosperity on a livable planet.
FinSAC was established in Vienna in late 2011 as a follow-up to the Vienna Initiative to assist countries in the region deal with legacy issues of the Global Financial Crisis of 2008/09 including the resolution of nonperforming loans, improving crisis management frameworks, and the implementation of new regulatory and supervisory initiatives. The FinSAC team has extensive expertise in key aspects of financial stability and practical experience in sharing good practices, providing focused technical assistance, and leading knowledge events such as technical workshops, conferences, seminars, and regional research projects. In its first 12 years of operations, FinSAC delivered more than 120 technical assistance projects in 15 countries in Europe and Central Asia (ECA); organized around 55 regional and country-specific conferences and workshops; and published more than 30 policy papers and briefs. FinSAC also contributes to many knowledge events and technical assistance projects in countries outside of the ECA region. Through these activities, and within its thematic and long-term engagement focus, FinSAC has become a leading regional knowledge center.
