On September 28th, the annual mission of the International Monetary Fund (IMF) under Article IV of its Articles of Agreement concluded, which mandates ongoing surveillance of member countries' economic performance.
Led by Mission Chief Borja Gracia, the IMF delegation engaged in discussions with the Government, social partners, and representatives from various sectors of the economy. Additionally, they consulted with the Central Bank regarding the dynamics of the country’s financial sector.
The concluding statement of the mission, which provides a summary of the assessments to be included in the final report, confirms that the financial system, particularly the banking sector, continues on its path of consolidation and offers several recommendations.
The Central Bank will maintain its efforts to safeguard the stability of the financial system and protect savings, fully engaging with financial entities and institutions. This will be achieved through the systematic approach previously adopted and in alignment with the objectives of transparency and accountability.
The full document is available at the following link:
https://www.imf.org/en/News/Articles/2023/09/28/cs092823-san-marino-staff-concluding-statement-of-the-2023-article-iv-mission