Andorra and Spain Strengthen Financial Ties in Madrid Talks

Andorra's Secretary of State for International Financial Affairs, Lorena Jordana, met yesterday in Madrid with Spain's Secretary General for the Treasury and International Financing, Paula Conthe, to strengthen bilateral cooperation on financial and economic matters.

The working session, framed by the regular institutional dialogue between the two countries, covered key shared priorities linked to the European agenda, financial integration, and macroeconomic stability. Both delegations highlighted the strong bilateral relationship and their commitment to deepening institutional ties.

A major focus was Andorra's association agreement with the European Union, now in its final approval phase at the EU Council. Discussions centered on the gradual rollout of the Financial Services Protocol and progress toward a new investment funds law aligned with European asset management standards. They emphasized the need for close technical coordination with supervisory authorities, including Spain's National Securities Market Commission (CNMV), to facilitate Andorra's integration into the EU single market.

The meeting also examined recent trends in sovereign debt markets and financing options within the current European context. Jordana outlined Andorra's main financial planning priorities for 2026-2027, covering public debt management and refinancing. Officials praised the robustness of Andorra's public finances, marked by recurring surpluses, contained debt levels, and a prudent government strategy attuned to market conditions and sustainability goals. They agreed to monitor market developments closely to pinpoint optimal timing for any future bond issuances.

Further topics included Andorra's participation in the International Monetary Fund (IMF) and its framework agreement with the European Investment Bank (EIB), which has opened new funding channels and technical assistance. The delegations commended Andorra's orderly integration into international financial institutions in recent years, along with efforts to align its economic and regulatory frameworks. They also stressed ongoing cooperation on transparency, information exchange, and adaptation to European best practices in financial services and capital mobility.