SAN MARINO – The Secretaries of State Marco Gatti And Rossano Fabbri concluded the institutional mission in Bangkok, Thailand, on the occasion of the 2026 Annual Meetings of the International Monetary Fund (IMF) and the World Bank Group. At the center of the meetings, the San Marino economy, the sustainability of public finances, the reforms and prospects linked to the Association Agreement with the European Union, whose signature is expected in Brussels on 19 October.
The delegation met representatives of the IMF and the World Bank, as well as the rating agencies Fitch Ratings and S&P Global Ratings, with whom the performance of the San Marino economy, the solidity of the financial system and the prospects of public finance were discussed in depth.
Among the institutional appointments, the comparison with Mateusz Szczurekdirector of the European Department of the IMF, and with Kenji Okamuradeputy general director of the organization. The latter expressed appreciation for the energy policies of the Republic. The delegation also met Riccardo ErcoliExecutive Director of the IMF for the constituency that includes San Marino, and representatives of the World Bank Matteo Bugamelli And Daniela Marconifuture executive director.
The two Secretaries also participated in the Small States Forum, dedicated to the challenges of small economies, including capital attraction, employment and economic resilience. As part of the mission, meetings were also held with the representation of the Principality of Andorra and with Nippita Pukdeetanakulhonorary consul of San Marino in Thailand.
Marco Gatti underlined the value of collaboration with international bodies: “The comparison with the International Monetary Fund and with the rating agencies is essential to transparently represent the progress made by the country and, at the same time, measure the work that remains to be done”.
Among the priorities indicated by the Secretary of State are the balance of public accounts, the solidity of the financial system, investments for energy independence and reforms to support growth.
For Rossano Fabbriinternational opening must translate into opportunities for the production system. “For an economy like that of San Marino, international openness is a concrete lever for development,” he declared, highlighting the importance of solid economic relations, investments, research and innovation.
The Association Agreement with the European Union represents, according to the two Secretaries, a strategic step to broaden business opportunities and strengthen the connection with the single market. Its implementation will require regulatory and administrative adjustments and a shared commitment between institutions and the production system.
