The Financial Systems Practice at the Financial and Private Sector Development Vice Presidentcy at the World Bank provides financial sector diagnostics, policy advice, and advisory services to national financial sector regulatory and supervisory authorities to help build strong and efficient financial systems, thereby contributing to financial sector development and stability, economic growth, and poverty reduction.
The Practice includes two services lines: the Financial Architecture and Banking Systems (FABS)service line and the Financial Market Integrity service line. The FABS service line is managing the Financial Sector Assessment Program (FSAP) which is a joint program of the International Monetary Fund and the World Bank. FSAPs provide third-party, comprehensive assessments of member countries’ financial system vulnerabilities and develop appropriate policy responses. The Practice also houses the Financial Sector Reform and Strengthening (FIRST) Initiative which is a multi-donor trust fund managed by the World Bank, financing technical assistance aimed at strengthening financial sectors in low and middle income countries.
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