The positive analysis of San Marino economy shows resilience and sustained growth, as underlined by recent statements by the International Monetary Fund.
Economic resilience:
The economy of the Republic of San Marino has shown resilience to challenging economic environments. Gatti’s statement on the end of the close monitoring phase indicates a turnaround in economic management, suggesting that the measures taken to address the difficulties can be considered effective.
Liquidity growth:
CBSM President Tomasetti reported that bank liquidity has doubled since 2018. This increase is a positive sign, indicating a greater availability of capital from financial institutions, thus favouring investments and consumption, which are crucial elements for economic growth.
Objectives of the Ministry of Finance:
One of the main objectives is the General Income Tax (IGR) reform in order to make the tax system fairer and more efficient. Moreover, reducing the debt-to-GDP ratio below 60% is an important objective to ensure long-term fiscal sustainability and to improve the country’s credibility in the financial markets.
Conclusions:
In summary, San Marino’s economy appears to be recovering, supported by increased liquidity in the banking sector and the willingness to implement significant reforms. The next steps will be crucial to consolidate this growth and ensure long-term economic stability.
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