Suriname: Recent Economic Developments

IMF Staff Country Reports, March 14, 1995

Source details

This report analyzes economic developments in Suriname during the 1990s.
In 1990–92, real GDP recovered moderately, but inflation accelerated, reaching 58 percent in the 12 months ended December 1992, owing to a further weakening of financial policies.
Interest rates became sharply negative in real terms, which initiated a gradual shift out of domestic financial assets.
The external accounts remained weak, and the overall balance of payments showed deficits that were financed by a decline in international reserves and an accumulation of external payments arrears.

Real GDP: recovered moderately in 1990–92.
Inflation: reached 58 percent in the 12 months ended December 1992.
Interest rates: became sharply negative in real terms, prompting a shift out of domestic financial assets.
External accounts: remained weak.
Balance of payments: showed deficits financed by a decline in international reserves and an accumulation of external payments arrears.

Subjects: Banking, Commercial banks, Exchange rates, Financial institutions, Foreign exchange, Income, Monetary policy, National accounts, Revenue administration, Standing facilities
Keywords: bauxite company, Commercial banks, company, consumer goods, CR, customs duty, estimated tax, Exchange rates, Global, Income, ISCR, rate of inflation, sick pay, Standing facilities, taxable income, time deposit

The report was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with this member country.
In releasing this document for public use, confidential material may have been removed at the request of the member.

Source: Suriname: Recent Economic Developments, March 14, 1995.