Republic of San Marino : 2019 Article IV Consultation-Press Release ; Staff Report ; and Statement by the Executive Director for the Republic of San Marino

Resource Information

The work Republic of San Marino : 2019 Article IV Consultation-Press Release ; Staff Report ; and Statement by the Executive Director for the Republic of San Marino represents a distinct intellectual or artistic creation found in University of San Diego Libraries. This resource is a combination of several types including: Work, Language Material, Books.

Label

Republic of San Marino : 2019 Article IV Consultation-Press Release ; Staff Report ; and Statement by the Executive Director for the Republic of San Marino

Title remainder

2019 Article IV Consultation-Press Release ; Staff Report ; and Statement by the Executive Director for the Republic of San Marino

Creator

• International Monetary Fund, European Department

Contributor

• IMF e-Library - York University

Author

• International Monetary Fund, European Department

Subject

• Banks and banking
• Electronic books
• International Monetary Fund
• International Monetary Fund -- San Marino
• San Marino
• Banks and banking

Genre

• Electronic books

Language

eng

Summary

This Article IV Consultation highlights Bulgaria's economic performance, which remains robust, but risks to the outlook are tilted to the downside amid slowing external demand. Sound macroeconomic policies notwithstanding, Bulgaria faces a sizable income gap vis-a-vis the EU average and unfavorable demographic prospects. The main policy challenge is to raise growth potential, which calls for broad-based structural reforms to improve public goods provision and institutions. The Article IV discussions focused on medium-term reforms to improve public goods provision and raise potential growth and on near-term policies to enhance financial sector stability. Fiscal policy is broadly appropriate, but the efficiency of spending and revenue administration could be further improved. Stronger public investment management would improve investment efficiency and transparency. Better performance of state-owned enterprises would help raise growth potential and mitigate fiscal risks. Bank profits have risen and nonperforming loan levels have continued to decline, although they are still high among EU countries. The central bank should ensure that banks with high levels nonperforming loans have adequate capital buffers

Member of

• IMF staff country report ;, no. 19/85
• IMF eLibrary

Cataloging source

YOU

Government publication

international or intergovernmental publication

Index

no index present

Literary form

non fiction

Nature of contents

dictionaries

Series statement

IMF Staff Country reports