Regulatory Alerts2026-04-21
San Marino Central Bank Mission to the 2026 IMF and World Bank Spring Meetings
The Central Bank of San Marino participated in the 2026 IMF and World Bank Spring Meetings in Washington, engaging in bilateral talks with international counterparts to strengthen technical cooperation and address financial stability risks. The mission occurred amid geopolitical uncertainty, with the IMF revising global growth forecasts downward to 3.1% for 2026 and highlighting vulnerabilities related to high debt levels and asset price corrections. San Marino received positive recognition for its structural reforms and international credibility, reaffirming its commitment to active participation in multilateral economic and regulatory frameworks.
21 Apr 2026 1 min read
The Central Bank of the Republic of San Marino participated 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 Director Andrea Vivoli, and Head of International Relations Giuliano Battistini.
The proceedings took place in a context of increased geopolitical uncertainty, which is also reflected in global economic growth projections. In the presentation of its World Economic Outlook, IMF experts highlighted a downward revision of their growth estimates, now set globally at 3.1% in 2026 and 3.2% in 2027, and respectively at 1.1% and 1.2% for the Euro area. Concurrently, the Global Financial Stability Report drew attention to vulnerabilities associated with high debt levels and risks of asset price corrections.
In this context, BCSM held bilateral meetings with central banks and supervisory authorities, including the Bank of Italy, the Banco de Portugal, the Central Bank of Albania, the Finanzmarktaufsicht (FMA) of Liechtenstein, and the Autoritat Financera Andorrana (AFA). The discussions concerned the strengthening of technical cooperation, the exchange of information, and the deepening of joint initiatives in the areas of financial education and climate and environmental risks.
The mission also included the customary institutional meetings with the Executive Directors of the International Monetary Fund, Riccardo Ercoli, and the World Bank, Matteo Bugamelli. Dialogue was also renewed with the Director of the IMF European Department, Alfred Kammer, who highlighted 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, supporting financial stability and the growing integration of the Republic of San Marino in international economic and regulatory venues.