AGP Executive Report

Yachting and Geopolitics: Monaco’s yachting leaders weighed how sanctions, customs rules and instability are reshaping the industry, while pointing to Saudi Arabia and Egypt as emerging markets. Ocean Governance: Prince Albert II inaugurated a permanent GEBCO Secretariat in Monaco, giving global seabed-mapping work a dedicated base and coordinator. Budget and Jobs: Monaco’s National Council passed the amended 2026 budget after securing gains on jobs and housing. Legal Framework: Monaco is among the first to sign a Council of Europe treaty to strengthen recovery of criminal assets; new fair-credit rules also took full effect.

Budget: Monaco’s National Council passed the 2026 amended budget after securing gains on jobs and housing. Asset Recovery: Monaco is among the first countries to sign a Council of Europe treaty aimed at seizing criminal assets. Credit Access: Monaco’s rules on fair access to credit have now taken full effect.

Budget and Housing: Monaco’s National Council has passed the amended 2026 budget after securing gains on jobs and housing. Financial Rules: The principality’s fair-credit-access rules have taken full effect, while Monaco is among the first to sign a Council of Europe treaty aimed at strengthening recovery of criminal assets. Public Safety: Monaco’s prosecutor clarified that weapons found during a police stop were airsoft replicas and no offence was identified. International Role: A new GEBCO secretariat has opened in Monaco, with a mandate to accelerate global seabed mapping.

Public Safety: Monaco’s Prosecutor General said weapons found during a police stop were airsoft replicas and no offence was identified. International Cooperation: Monaco was among the first to sign a Council of Europe treaty aimed at recovering criminal assets. Budget and Housing: The National Council passed the 2026 amended budget after securing gains on jobs and housing. Financial Rules: Monaco’s fair-credit-access rules, including the right to be forgotten, have taken full effect. Diplomacy: Prince Albert welcomed ambassadors from two Latin American countries at the Palace.

Public Safety: Monaco’s prosecutor general said weapons found in a car during a police stop were airsoft replicas, and no offence was identified. Budget and Government: The National Council passed the 2026 amended budget, 13 votes to two, after securing commitments on priority access to public-sector jobs and state housing. The vote followed a rare suspension of debate amid tensions with the Government. Legal Cooperation: Monaco is among the first signatories to a Council of Europe treaty aimed at recovering criminal assets; new fair-credit access rules have also taken full effect. Diplomacy: Prince Albert received ambassadors from two Latin American countries at the Palace.

Budget and Government: Monaco’s National Council passed the 2026 amended budget 13–2, with five abstentions, after securing government commitments on priority access to public-sector jobs and state-owned housing. The vote followed a rare suspension of debate amid a dispute over the Council’s role. Cross-Border Law: Monaco was among the first eight countries to sign a Council of Europe treaty designed to help authorities freeze and confiscate criminal assets, including digital currencies, across borders. Ocean Governance: Prince Albert II inaugurated a permanent GEBCO Secretariat in Monaco to coordinate international efforts to map the ocean floor and support ocean policy. Diplomacy: Timor-Leste is preparing for a visit by Prince Albert and four Pacific prime ministers, highlighting Monaco’s engagement with the region.

Diplomacy: Timor-Leste is preparing for a visit by Prince Albert II alongside four Pacific prime ministers. The Prince also welcomed ambassadors from two Latin American countries at a palace ceremony. Cross-Border Crime: Monaco was among the first signatories to a Council of Europe treaty that strengthens cross-border powers to freeze and confiscate criminal assets, including cryptocurrency. Consumer Rules: Monaco’s fair credit-access rules have taken full effect, marking a change in how lenders must handle access to credit.

Diplomacy: Prince Albert received five ambassadors at the palace, including representatives of the Dominican Republic, Ecuador, San Marino, Egypt and Guinea-Bissau, as they formally began their missions in Monaco. Financial Crime: Monaco was among the first signatories to a Council of Europe treaty aimed at tracing, freezing and confiscating criminal assets, including crypto-assets. Borrower Protections: New rules bringing Monaco’s “right to be forgotten” law into effect let eligible former cancer and hepatitis C patients seek loan insurance without automatic penalties for their medical history. Public Services: Prince Albert and Princess Charlene inaugurated Crèche Ida, a new childcare facility that has been welcoming families since September.

Financial Crime: Monaco was among the first signatories to a Council of Europe treaty enabling authorities to trace, freeze and confiscate criminal assets, including crypto-assets. Legal Protections: New rules now let eligible former cancer and hepatitis C patients seek borrower insurance without automatic penalties, with a commission set up to handle disputes. Ocean Policy: The Prince Albert II of Monaco Foundation and Commonwealth Secretariat opened a new funding round for country-led ocean projects, including marine restoration and sustainable fisheries. Economic Diplomacy: Monaco’s Chamber of Commerce began its new chapter by hosting a 20-company German delegation, marking 75 years of diplomatic relations.

Diplomacy and Investment: A Qatari business delegation met Prince Albert II, Minister of State Christophe Mirmand and Foreign Minister Isabelle Berro-Amadeï to discuss trade, investment and new partnerships. The group represented nearly 20 companies across sectors including energy, technology and tourism. Childcare: Prince Albert and Princess Charlene inaugurated Crèche Ida, adding 30 nursery places in La Condamine. The facility has been welcoming families since September. Marine Policy: New monitoring results show Monaco’s protected Larvotto reserve has 2.5 times the fish biomass of nearby unprotected waters, while surveys recorded about 24,000 juvenile fish across 15 species in 2025. Digital Literacy: Monaco has launched a campaign to help young people spot fake news and AI-generated misinformation.

Diplomacy & Investment: A Qatari business delegation met Prince Albert II, Minister of State Christophe Mirmand and Foreign Affairs Minister Isabelle Berro-Amadei to discuss stronger bilateral ties and new trade and investment partnerships. Nearly 20 companies joined the visit, representing sectors including technology, real estate, tourism and insurance. Childcare: Prince Albert and Princess Charlene inaugurated Crèche Ida, adding 30 nursery places in La Condamine. The 700-square-metre facility has been open to families since September and is part of Monaco’s wider expansion of early-childhood care.

Philanthropy and Public Policy: At Monaco’s first Summit on Philanthropy, Prince Albert II urged around 100 global donors to consider who controls charitable giving and how it can support long-term needs; attendees represented an estimated €150 billion in wealth. Budget Dispute: A budget debate was suspended after the National Council and Government clashed over housing and jobs, putting key domestic priorities at the centre of a political standoff. Heritage and Housing: A proposed law could bring sweeping new property controls to Monaco’s historic Rock, with potential implications for owners and the area’s future.

Philanthropy: Prince Albert II challenged philanthropists managing an estimated €150 billion to broaden who controls and benefits from giving, and consider AI’s role. Monaco plans to make the summit an annual event. Government and Housing: A National Council budget debate was suspended amid a clash with the Government over housing and jobs, while a proposed law could bring sweeping new property controls to Monaco’s historic Rock. Business and Innovation: MonacoTech has opened applications for startups seeking to establish a presence in the Principality, with support through incubation or an entrepreneur-in-residence programme. Public Information: Monaco has launched a campaign to help young people spot fake news and AI-generated misinformation. Regional Cooperation: Prince Albert II used the Med9 summit to champion regional cooperation and marine conservation.

Government and Housing: Monaco’s budget debate was suspended after the National Council clashed with the Government over housing and jobs. A proposed law would also bring sweeping property controls to the historic Rock. Financial Oversight: The National Council approved a 30-day process for appealing bank-account decisions. Public Information: The Principality has launched a campaign to help young people spot fake news and AI-generated misinformation. International Relations: Prince Albert II continued Monaco’s regional diplomacy, visiting historic Grimaldi-linked sites in Piedmont and promoting cooperation at the Med9 summit. Security and Law: A suspect charged in the bombing of a Monaco-based business figure alleges that Ukrainian intelligence ordered the attack; the claim remains an allegation. Maritime Policy: Monaco is preparing a new yacht-mooring zone ahead of a 2027 anchoring ban.

Transport: The Prince’s Government says trains between Nice and Ventimiglia will stop on November 10 and much of November 11 for rail works, urging commuters to plan ahead. Regional Ties: Prince Albert II visited Piedmont to strengthen historic links between Monaco and three Italian municipalities connected to the Grimaldi family. Housing and Jobs: A National Council budget debate was suspended amid clashes with the Government over housing and employment—two key domestic issues. Property Rules: Proposed legislation would bring sweeping new controls to Monaco’s historic Rock. Public Information: Monaco has launched a campaign to help young people recognise fake news and AI-generated misinformation.

Digital Policy: Monaco has launched a campaign to help young people spot fake news and AI-generated misinformation. Security and Legal Affairs: A suspect charged over a bombing in Monaco claims Ukrainian intelligence ordered the attack; the allegation has not been independently verified. National Council: A budget debate erupted into a clash with the Government over housing and jobs. The Council also approved a 30-day appeal process for bank-account decisions. Property and Marine Rules: Monaco is considering tighter controls on property on the historic Rock and has begun work on a new yacht-mooring zone ahead of a 2027 anchoring ban. Regional Diplomacy: Prince Albert II used the Med9 summit to champion regional cooperation and marine conservation.