1 option
Republic of San Marino : 2025 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Republic of San Marino.
- Format:
- Book
- Government document
- Author/Creator:
- International Monetary Fund. European Dept.
- Series:
- IMF Staff Country Reports; Country Report ; No. 2025/312
- IMF Staff Country Reports
- Language:
- English
- Physical Description:
- 1 online resource (78 pages)
- Place of Publication:
- Washington, D.C. : International Monetary Fund, 2025.
- Summary:
- San Marino has successfully diversified its economic structure: the previously oversized banking sector deleveraged following the banking crisis, while manufacturing and nonfinancial services exports expanded, supported by moderate unit labor costs and strong corporate balance sheets. Prudent fiscal policy has helped rebuild buffers and, together with important progress in financial sector reforms, reduced legacy vulnerabilities. However, public debt remains high and significant challenges persist in the banking sector. As a euroized small open economy vulnerable to external shocks, San Marino requires larger policy buffers.
- Notes:
- Description based on print version record.
- ISBN:
- 9798229028769
The Penn Libraries is committed to describing library materials using current, accurate, and responsible language. If you discover outdated or inaccurate language, please fill out this feedback form to report it and suggest alternative language.