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SEPA: The Principality activates migration towards the new European payment systems
The creation of an internal market with payment in euros is under way. Monaco is committed to the single area comprising 32 European states and is making rapid progress.
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As from 2002, the Constitutional Reserve Fund of the Principality decided to include “green financing” funds in its investment portfolio. This policy was confirmed on the occasion of a major international call for proposals launched in 2009, the first of its kind for the management of State reserves. In the process of a strategic reallocation of the portfolio to diversify asset classes, a significant part of the allocation is now devoted to an “Environment Sustainable Development Shares” pocket.
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At the instigation of H.S.H. Prince Albert II, the Government of the Principality has launched an ambitious policy of international cooperation for development, with the fight against poverty as its main aim.
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Law 1339 of 7th September 2007 broadened the range of fund asset types, making it possible to hold non-financial assets. It was a major development.
