{
  "title": "IMF Staff Concludes Visit to San Marino",
  "publication": "IMF News, April 8, 2022",
  "sourceUrl": "https://www.imf.org/en/news/articles/2022/04/08/pr22110-imf-staff-concludes-visit-to-san-marino",
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  "summary": "IMF Staff Concludes Visit to San Marino",
  "publishDate": "2022-04-08",
  "sections": [
    {
      "heading": "Visit details",
      "content": "- Press Release No. 22/110\n- April 8, 2022\n- IMF mission led by Borja Gracia\n- Mission dates: April 4-8, 2022"
    },
    {
      "heading": "Recent economic developments and assessment",
      "content": "- San Marino enjoyed a robust recovery last year supported by booming exports and a rebound in tourism.\n- GDP growth estimated above 5 percent.\n- Activity in various sectors and employment exceeded pre-pandemic levels.\n- By the end of last year and more recently with the war in Ukraine, the global environment experienced a sudden deterioration.\n- Higher commodity prices, supply disruptions, and heightened uncertainty will lower growth and increase inflation but the full impact is still uncertain."
    },
    {
      "heading": "Discussion topics and concerns",
      "content": "- Impact of the new global environment on the Sammarinese economy and the outlook going forward.\n- Implications of volatile global financial markets for San Marino’s debt management strategy.\n- Authorities are considering several options reflecting the different scenarios that could materialize going forward."
    },
    {
      "heading": "Policy implications and next steps",
      "content": "- Continued implementation of structural reforms to increase the potential of the economy and make it more resilient in an increasingly unpredictable world.\n- Discussions will continue in the context of the Article IV consultation scheduled to take place in October.\n\nInternational Monetary Fund\n\n---\n\n\n References\n\n- Republic of San Marino and the IMF\n- Press Releases\n- PRESS CENTER\n- https://www.imf.org/en/home\n\nSource: https://www.imf.org/en/news/articles/2022/04/08/pr22110-imf-staff-concludes-visit-to-san-marino"
    }
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    "Published: April 8, 2022",
    "Press Release No. 22/110",
    "April 8, 2022",
    "IMF mission led by Borja Gracia",
    "Mission dates: April 4-8, 2022",
    "San Marino enjoyed a robust recovery last year supported by booming exports and a rebound in tourism.",
    "GDP growth estimated above 5 percent.",
    "Activity in various sectors and employment exceeded pre-pandemic levels.",
    "By the end of last year and more recently with the war in Ukraine, the global environment experienced a sudden deterioration.",
    "Higher commodity prices, supply disruptions, and heightened uncertainty will lower growth and increase inflation but the full impact is still uncertain.",
    "Impact of the new global environment on the Sammarinese economy and the outlook going forward.",
    "Implications of volatile global financial markets for San Marino’s debt management strategy.",
    "Authorities are considering several options reflecting the different scenarios that could materialize going forward.",
    "Continued implementation of structural reforms to increase the potential of the economy and make it more resilient in an increasingly unpredictable world.",
    "Discussions will continue in the context of the Article IV consultation scheduled to take place in October.",
    "[Republic of San Marino and the IMF](http://www.imf.org/external/country/SMR/index.htm)",
    "[Press Releases](https://www.imf.org/en/news/searchnews)",
    "[PRESS CENTER](http://presscenter.imf.org/)",
    "[https://www.imf.org/en/home](https://www.imf.org/en/home)"
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