European Parliament Library

Republic of San Marino :, 2009 Article IV Consultation: Staff Report; Staff Supplement; Public Information Notice; and Statement by the Executive Director for the Republic of San Marino

This 2009 Article IV Consultation highlights that the global financial crisis, which began to affect the economy of San Marino in the second half of 2008, is likely to continue to do so in 2009–10. Short-term vulnerabilities in the financial sector have risen owing to exposure of the largest bank to a troubled Italian banking group and to liquidity pressures from a tax amnesty adopted by the Italian government. Executive Directors have commended the authorities for strengthening international cooperation in economic and financial matters
Table Of Contents
Cover; Contents; I. The Context and Outlook; A. Key Features of San Marino's Economy; B. Several Coincident Challenges are Weighing on the Outlook; Boxes; 1. Key Conclusions of the FSAP; II. Policy Discussions; A. Policy Response to Short-Term Challenges; B. Addressing Medium-Term Challenges; III. Staff Appraisal; Figures; 1. Real Sector Developments; 2. Fiscal Sector Variables; 3. Financial Sector Variables; Tables; 1. Selected Economic and Financial Soundness Indicators; 2. Structure of the Financial System; 3. Public Finances; Contents; Appendices; I. Fund Relations; II. Statistical Issues
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (37 p.)
Specific Material Designation
Form Of Item

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