Suriname : 2004 Article IV Consultation-Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Suriname

Author/Editor:

International Monetary Fund

Publication Date:

April 25, 2005

Electronic Access:

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Summary:

This 2004 Article IV Consultation highlights that tighter fiscal and monetary policies in Suriname helped stabilize the exchange rate and moderate inflation pressures in 2003 and 2004. The fiscal deficit narrowed from 6.5 percent of GDP in 2002 to near balance in 2003, while a tighter monetary policy helped to reduce inflation from 28 percent in 2002 to 13 percent in 2003. The financial system has become increasingly dollarized in recent years, reflecting the lingering effects on confidence of earlier episodes of price instability, as well as regulatory changes favoring foreign currency intermediation.

Series:

Country Report No. 05/143

Subject:

English

Publication Date:

April 25, 2005

ISBN/ISSN:

9781451835274/1934-7685

Stock No:

1SUREA2005002

Price:

$15.00 (Academic Rate:$15.00)

Format:

Paper

Pages:

50

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