Apr 9, 2024The EU association agreement offers an opportunity to further integrate SanMarino'seconomy in Europeand attract foreign investment by reducing costs. This agreement could increase economic integration with the EU and expand market access by simplifying procedures and reducing legislative barriers.
IMF Regional Reports; IMF and Europe; IMF Members' Quotas and Voting Power, and Board of Governors; IMF Regional Office for Asia and the Pacific; IMF Capacity Development Office in Thailand (CDOT) IMF Regional Office in Central America, Panama, and the Dominican Republic; Eastern Caribbean Currency Union (ECCU) IMF Europe Office in Paris and ...
Oct 4, 2024With the recently negotiated European Union (EU) association agreement, SanMarino has a unique opportunity to accelerate much-needed public and financial sector reforms and to further the integration with the EU's single market to boost confidence in the economyand lift potential growth. SanMarino's economic growth remained positive ...
Sep 28, 2023Ensuring healthy fiscal and financial sector buffers is key to preserve stability and confidence in a euroized economy like SanMarino. In particular, the recent improvement in the fiscal position should be consolidated and expanded. Also, further efforts are needed to address high nonperforming loans and strengthen banks' capitalization and profitability.
Dec 10, 2024SanMarino has shifted to a new growth model during the last decade. As the once oversized banking sector embarked on a painful deleveraging process following the Great Financial Crisis, manufacturing and nonfinancial service exporting sectors grew, underpinned by cost-competitiveness in labor and strong balance sheets. Prudent fiscal policy and access to international capital markets helped ...
Dec 10, 2024Regional Economic Reports; Country Reports; Departmental Papers; Policy Papers; ... Republic of SanMarino: Selected Issues. December 10, 2024 ... European Dept. "Republic of SanMarino: Selected Issues", IMF Staff Country Reports 2024, 331 (2024), accessed January 21, 2025, ...
SanMarino's economic performance has been remarkable over the last two years. However, higher energy prices —below neighboring countries— weakening external demand and tighter international financial conditions will affect growth going forward. This challenging context combined with the rollover of the Eurobond, calls for further building up of buffers.
Washington, DC: An International Monetary Fund (IMF) team, led by Mr. Borja Gracia, held virtual meetings during February 8-12, 2021, to discuss recent economic and financial developments and progress on the structural reform agenda. At the end of the visit, Mr. Gracia issued the following statement: The COVID-19 pandemic has had a significant impact on SanMarino'seconomy that has ...
SanMarino: Financial Sector Assessment Program— Financial System Stability Assessment This Financial System Stability Assessment on SanMarino was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with the member country.
with the officials of the Republic of SanMarino on economic developments and policies. Based on information available at the time of these discussions, the staff report was completed on March 5, 2019. • An Informational Annex prepared by the IMF staff. • A Statement by the Executive Director for the Republic of SanMarino.
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