Liechtenstein strengthens international exchange at IMF Spring Meetings in Washington

The aim of the participation was to discuss current economic and financial developments with representatives of the IMF, central banks and international partners and to strengthen international cooperation in a global environment that continues to be characterized by a high level of uncertainty.

The current global economic situation continues to be characterized by geopolitical tensions, a fragmented trade policy and increased volatility on the financial markets. Open, highly internationally networked economies such as Liechtenstein are particularly affected by these developments. Against this backdrop, the IMF plays a crucial role as a central pillar of a stable, rule-based and multilateral economic and financial system.

As part of the spring meeting, the Liechtenstein representatives held technical discussions with the relevant IMF staff on topics specific to Liechtenstein. In particular, the focus was on issues relating to macroeconomic development, financial stability and regulatory and supervisory aspects. In addition, bilateral meetings were held with central banks and representatives of several countries as well as with rating agencies to discuss common challenges and concerns of small, open and highly interconnected economies in the international financial system. In addition, the meetings with IMF technical experts served to discuss the recommendations for the financial sector in greater depth immediately following the Art. IV consultation, as well as to exchange expertise with leading European and international experts on strengthening the resilience of the financial sector, particularly in the areas of stress tests, systemic risk analysis and crisis management. In several meetings in the area of statistics, the targeted expansion of Liechtenstein's macroeconomic statistics was discussed in order to consistently align ongoing work with international best practice approaches.

In his role as Alternate Governor, Mario Gassner also represented Liechtenstein at meetings of the International Monetary and Financial Committee (IMFC) and at the Constituency Meeting of the Constituency. Global economic risks, the stability of the financial system and the strategic direction of the IMF and the Swiss constituency were discussed jointly in these high-level bodies.

"The IMF's spring meetings offer an important platform for smaller countries in particular to contribute their perspectives, coordinate with partners and strengthen technical cooperation. Close cooperation with the IMF and with friendly central banks is key to ensuring financial stability even in a challenging international environment," says Mario Gassner.

The FMA uses its regular participation in IMF meetings to deepen the exchange of expertise at international level and to actively represent Liechtenstein's interests in the global financial system.

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