Since the BPA money-laundering scandal in 2015, Andorra’s small banking system has made efforts to ensure transparency and attract business from high-net-worth individuals abroad. Stefanie Linhardt reports.

After eight years of low growth sparked by the 2008 downturn and a money-laundering scandal, Andorra’s economy is finally showing signs of recovery. But while government investment to boost all-season tourism and greater bank transparency helps, more diversification is needed. Stefanie Linhardt reports.

The general manager of the Andorran Banking Association, Esther Puigcercós Font, tells Stefanie Linhardt how the country's banks are becoming more transparent, and explains how they are adhering to EU standards despite the country not being a member of the union.

Andorra’s finance minister, Jordi Cinca, explains to Stefanie Linhardt how budget consolidation and investment in tourist infrastructure are aiding the country’s slow but steady recovery from recession.

Principally renowned for its mountainous terrain and skiing resorts, Andorra is now looking for new ways to achieve year-round revenue raising. Stefanie Linhardt reports.

Andorra is attempting to raise its profile on the international stage by drawing attention to its increasing transparency and attractively low taxes. Stefanie Linhardt reports.

Accusations of money laundering levelled at Banca Privada d’Andorra by the US authorities threatened to destabilise the country's banking sector, so the government had to act quickly to contain the crisis. Now, Andorran authorities are keen to show that this was an isolated case and that the wider banking sector is both closely governed and performing successfully.