Suriname: Staff Report for the 2014 Article IV Consultatio
IMF Staff Country Reports, October 31, 2014
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Bibliographic details
- Published: October 31, 2014
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781498386623.002
Macroeconomic developments and drivers
- Gold and oil prices declined in 2013, falling below recent peaks, which weakened macroeconomic conditions in Suriname.
- The large fiscal and external sector exposures to the mineral sector continued their deterioration in 2013.
- International reserves experienced a significant decline in 2013.
Growth and financial conditions
- Growth is estimated at a robust 4 percent in 2013, supported by fiscal relaxation and strong credit growth.
- Strong credit growth contributed to the 2013 expansion.
Fiscal policy and consolidation (2014)
- Strong fiscal consolidation was being implemented in 2014.
- The fiscal deficit is expected to decline to 3.7 percent of GDP in 2014.
Public debt and external balances
- Public debt is rising but remains relatively low at about 30 percent of GDP.
- External sector exposures are closely linked to the mineral sector performance, which deteriorated in 2013 due to lower commodity prices.
Key statistics (as reported)
- Growth: 4 percent (2013).
- Fiscal deficit: expected to decline to 3.7 percent of GDP (2014).
- Public debt: about 30 percent of GDP (level reported).
Source: Suriname: Staff Report for the 2014 Article IV Consultatio (IMF Staff Country Reports 2014, No. 316).