Suriname: Request for Stand-By Arrangement-Press Release; Staff Report; and Statement by the Executive Director for Suriname
IMF Staff Country Reports, June 7, 2016
Source details
- Canonical URL
- Suriname: Request for Stand-By Arrangement-Press Release; Staff Report; and Statement by the Executive Director for Suriname
Other formats
Bibliographic details
- Authors: Arrangement-Press Release
- Published: June 7, 2016
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484377031.002
Program overview
- Proposed 24-month Stand-By Arrangement (265 percent of quota, or SDR 342 million) to support Suriname’s adjustment to the fall in commodity export prices and restore external and fiscal sustainability.
- Program aims to restore macroeconomic stability and confidence in Suriname’s economy.
- Program objectives include reversing the rise in the government debt-to-GDP ratio and strengthening the foundations for private-sector growth.
Key macroeconomic targets and outcomes
- Fiscal balance: foresees an improvement of the fiscal balance by 7.4 percent of GDP.
- External buffers: restore foreign reserves to adequate levels—four months of imports.
- Inflation and monetary policy: reflect a monetary policy stance calibrated to reduce inflation to single digits.
Policy focus and structural priorities
- Restore external and fiscal sustainability following the fall in commodity export prices.
- Calibrate monetary policy to achieve low single-digit inflation.
- Strengthen foundations for private-sector growth through program-supported reforms.
Subject areas covered in the report
- Bank deposits, Banking, Central banks, Currencies, Exchange rates, Foreign exchange, International reserves, Money, Public debt
Source: Suriname: Request for Stand-By Arrangement-Press Release; Staff Report; and Statement by the Executive Director for Suriname (IMF Staff Country Report).
Content in this bundle
- Executive Summary