The Central Bank of the Republic of San Marino participated in the annual meeting of the International Monetary Fund and World Bank Constituency, which brings together delegations from the six member countries: Albania, Greece, Italy, Malta, Portugal, and San Marino. The event, held in Lisbon on July 6 and 7, focused on artificial intelligence (AI) and its effects on the economies and financial systems of the Constituency countries, with particular attention to the implications for the activities of central banks and supervisory authorities.
The International Monetary Fund opened the proceedings by outlining its position on artificial intelligence, structured along two parallel tracks: analytical work supporting member countries in the context of surveillance, and the institution’s own internal adoption process. The Fund also presented its multilateral cooperation initiatives, including the recently launched Community of Practice, of which the Central Bank of the Republic of San Marino has been a member since the end of 2025. The central banks of Portugal and Greece then took the floor, sharing their experiences with the implementation of artificial intelligence. These presentations led to a wide-ranging discussion session in which all participants were able to exchange views and explore the topics presented in greater depth.
In this context, the Central Bank’s Director General, Andrea Vivoli, presented the BCSM’s experience in implementing artificial intelligence, highlighting both the key points of the strategy pursued at the governance level, including the establishment of guidelines for the responsible use of AI, as well as ongoing projects related to the development of support applications to manage the complexity of upcoming EU regulations and the introduction of advanced digital assistants capable of enhancing productivity and efficiency in carrying out institutional activities.
In his remarks, the Director General also emphasized that every innovation must prioritize human capital and training—essential elements for the effective and safe implementation of artificial intelligence—in order to reap its benefits and mitigate its risks.
During the two-day Constituency meeting, the Central Bank’s international relations were consolidated and strengthened through direct dialogue with other institutions, the International Monetary Fund, and the World Bank on issues at the heart of the shared agenda.
