The Central Bank of the Republic of San Marino took part in the Spring Meetings in Washington of the International Monetary Fund (IMF) and the World Bank, with a delegation composed of President Catia Tomasetti, General Manager Andrea Vivoli and Head of International Relations Giuliano Battistini.
The work was held against a backdrop of heightened geopolitical uncertainty, which is also reflected in growth projections for the global economy. In the presentation of its World Economic Outlook, IMF experts pointed to a downward revision of its growth estimates, now set globally at 3.1 percent in 2026 and 3.2 percent in 2027 and 1.1 percent and 1.2 percent for the Eurozone, respectively. At the same time, the Global Financial Stability Report drew attention to vulnerabilities related to high debt levels and asset price correction risks.
In this context, BCSM held bilateral meetings with central banks and supervisory authorities, including the Bank of Italy, Banco de Portugal, the Central Bank of Albania, the Finanzmarktaufsicht (FMA) of Liechtenstein, and theAutoritat Financera Andorrana (AFA). The comparisons focused on strengthening technical cooperation, exchanging information, and deepening joint initiatives in the areas of financial education and climate and environmental risks.
The mission also included the usual institutional meetings with the Executive Directors of the International Monetary Fund, Riccardo Ercoli, and the World Bank, Matteo Bugamelli. There was also renewed dialogue with the Director of the IMF's Europe Department, Alfred Kammer, who stressed the significant progress made by the Republic of San Marino in recent years in terms of structural reforms and international credibility.
The outcomes of the mission confirm the commitment of the Central Bank of the Republic of San Marino to strengthening international institutional relations and its active participation in multilateral bodies, in support of financial stability and the growing integration of the Republic of San Marino in international economic and regulatory fora.