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San Marino: Staff Report of the 2001 Article IV Consultation

International Monetary Fund

No 2001/225, IMF Staff Country Reports from International Monetary Fund

Abstract: San Marino showed enviable growth performance. Despite the positive economic developments, the central government budgetary balance has moved into a substantial deficit on an accruals basis, because of tax collection difficulties and rapidly rising outlays on generous entitlement programs. Executive Directors noted that reforms of the pension and health care systems were required to maintain the country's sound fiscal position. They welcomed the authorities' plans to strengthen banking supervision, adopt a legal framework to fight against money laundering, and improve statistics and accounting.

Keywords: ISCR; CR; San Marino economy; economy; San Marino authorities; government; San Marino's banking sector; development of San Marino; growth performance; labor cost advantage; Labor costs; Wages; Employment; Global; Europe (search for similar items in EconPapers)
Pages: 39
Date: 2001-12-21
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