IMF Staff Country Reports

Suriname: 2011 Article IV Consultation-Staff Report, Informational Annex, Public Information Notice on the Executive Board Discussion and Statement by the Executive Director for Suriname

Publication Date:

August 18, 2011

Electronic Access:

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Summary:

In this paper, the economic growth of Suriname is discussed. The fiscal deficit shifted from 2.2 percent to 3.3 percent of GDP during 2009–10. In 2010, CLICO-Suriname was acquired by a local insurance company. The need to rein in current expenditure and avoid development of wage–price inflation and strengthen the social support programs are stressed by the authorities. The introduction of VAT and other systems are discussed. Finally, improvement over the business environment to facilitate the development of the private sector and global economy was encouraged.

Series:

Country Report No. 2011/256

Subject:

Banking Commercial banks Commodities Credit Financial institutions Gold Money Multiple currency practices Public debt Revenue administration