Investor Presentaiton
Andbank Investor 2020
Andorra, current situation
The ultimate negative impact of the Covid19
outbreak on Andorran GDP is still uncertain.
Andorra is a small economy that depends
extensively on tourism and the financial sector.
After seven consecutive years of surplus the
country is in a robust fiscal and debt position to face
the crisis.
Andorra's health authorities have been successful
in stabilizing the Covid 19 contagion curve and in
fact it has been the first country in the world to test
all of its citizens.
The Government is expecting to complete
adherence to the IMF in October 2020.
Andorra has also continued negotiating the UE
Association Agreement (similar to Norway or
Switzerland).
The Government is also negotiating with the EU
and the ECB to gain direct access to the Central
Bank monetary policy.
ANDBANK
Private Bankers
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