ECONOMIC DEVELOPMENT : CEE, SEE & NIS
BANKING AND FINANCE ASSISTANCE CENTER (1997-1999)

EWMI’s Banking and Finance Assistance Center (BFAC) provided assistance to financial-sector leaders in the transitional economies of Central and Eastern Europe (CEE) and the Newly Independent States (NIS). BFAC was established in 1992 in response to the need expressed by bank executives and finance officials in CEE countries for a center to provide impartial, professional, technical advice and assistance in designing and implementing reform initiatives. Supported by USAID and EWMI, BFAC’s projects addressed issues in the areas of capital markets, pension reform and enterprise development. BFAC provided expert technical and managerial assistance and information sharing between senior CEE/NIS bankers and policymakers and their Western counterparts. The program included workshops, seminars, and conferences focusing on topics that the local financial community identified as being of priority interest. The meetings provided hands-on advice and training for managing specific, practical problems and forums for open discussion of larger policy issues affecting the banking system and the financial environment. BFAC also published a quarterly journal entitled Central European Banker, which included analytical works by noted researchers and practitioners in the region on topics such as bank privatization, banking supervision, and pension reform.

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OTHER ECONOMIC DEVELOPMENT PROJECTS IN CEE, SEE & NIS:

Partners for Financial Stability Program (PFS)

SMART Interactive Training: Computer-Based Training Courses in Accounting & Auditing

Financial Sector Review and Strategy

OTHER EWMI PROJECTS IN CEE, SEE & NIS