Suriname: Staff Report for the 2014 Article IV Consultatio

October 31, 2014

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Suriname: Staff Report for the 2014 Article IV Consultatio, (USA: International Monetary Fund, 2014) accessed September 19, 2024

Summary

This 2014 Article IV Consultation highlights that Suriname’s macroeconomic conditions weakened in 2013 as gold and oil prices declined. With those prices falling below recent peaks, the large fiscal and external sector exposures to the mineral sector continued their deterioration in 2013, along with a significant decline in international reserves. Growth is estimated at a robust 4 percent in 2013, supported by fiscal relaxation and strong credit growth. Strong fiscal consolidation is being implemented in 2014, and the fiscal deficit is expected to decline to 3.7 percent of GDP this year. Public debt is rising but remains relatively low at about 30 percent of GDP.

Subject: Banking, Commodity prices, Exchange rate arrangements, Expenditure, Foreign exchange, Gold prices, Prices, Public debt

Keywords: Caribbean, Central bank, Commodity prices, CR, Exchange rate arrangements, Global, Gold export volume growth, Gold prices, Government of Suriname, ISCR, June data, Minimum wage, Monetary policy design, Surinamese authorities

Publication Details

Pages:

66
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2014/316
Stock No:

1SUREA2014001
ISBN:

9781498386623
ISSN:

1934-7685

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