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San Marino

Yearbook 2018

San Marino. In September, San Marino applied for a large loan from the International Monetary Fund (IMF). According to Countryaah.com, this amounted to EUR 300 million. The country is still having difficulty recovering after the financial crisis in 2008. There are, among other things, so-called problem loans, ie loans where the borrower is unable to pay interest and repayments, to the value of EUR 1.7 billion. This corresponds to 117% of the country's total GDP. Now it is also planned to reduce the salaries of public employees and reform the pension system.

2018 San Marino
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