Fundação Getúlio Vargas Fundação Getúlio Vargas Fundação Getúlio Vargas ("Getulio Vargas Foundation", often abbreviated as FGV) is a Brazilian higher education institution and think tank founded on December 20, 1944, with a mission "To stimulate Brazil’s socioeconomic development". Its initial objective was to prepare qualified people to work in public and private administration in Brazil. FGV is considered by the Think Tanks and Civil Societies Program of the "University of Pennsylvania" as top think tank in Latin America, best managed think tank worldwide and seventh best think tank in the world. FGV offers undergraduate programs, graduate & MBA programs, as well as Master's
Victor Vargas and Chairman. In 2014, Vargas and BOD partnered with American Express to provide a new credit product for microentrepreneurs. Microentrepreneurs provide for 15 percent of the Venezuelan economy. Vargas and BOD’s goal was to expand the American Express card to 300,000 cardholders with access to 46,000 businesses by 2013. The card would offer a 4-year rotating term financing option. In 2010, overall profitability on bank assets in Venezuela fell to 9.7 percent from 20.5 percent in 2009. Venezuelan bankers were concerned that the Venezuelan Central Bank had not changed commission tariffs in over five years. Vargas served as the leader