San Marino’s new central bank chief faces NPL challenge
Staff at IMF stress need for “comprehensive strategy” to clean up balance sheets
It is important the Central Bank of the Republic of San Marino is “adequately resourced” for tackling the country’s problems with non-performing loans (NPLs), staff at the International Monetary Fund said today (March 16).
At the conclusion of their Article IV consultation, staff argued a “comprehensive strategy” was needed to clean up bank balance sheets. Implementing it would, they said, require “intensive co-ordination” between the government, central bank and private sector.
Staff welcomed
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