San Marino 2018
San Marino. In September, San Marino applied for a large loan from the International Monetary Fund (IMF). According to Countryaah.com, San Marino is the capital city of San Marino, a country located in Southern Europe. 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.