Political and economic stability

Ruled by the Grimaldi family for more than 700 years, Monaco has a unique heritage and history, as well as a beautiful casino and harbour, and attracts over 5 million discerning tourists each year.

Prince Albert II, the son of Prince Rainier III and Grace Kelly, inherited the throne in 2005. The Prince is a leading international figure in the battle against climate change. Since 1993 he has led the Monegasque delegation to the General Assembly of the United Nations. In 2004, H.S.H. the Prince also presided over the delegation of Monaco in Strasbourg for the official ceremony of accession of the Principality to the Council of Europe as the 46th member state of that organisation.

H.S.H. the Prince is concerned to ensure that the Principality’s economic development is sustainable and undertaken in a spirit of ethics and transparency. He is also keen to ensure that the Principality develops into one of the world poles in financial engineering, by adding management skills to the already renowned banking skills, and by developing state of the art know-how in this domain to render the private equity pole capable of operating efficiently on all markets.