Suriname: Fourth Review Under the Extended Arrangement Under the Extended Fund Facility, Requests for Extension of the Arrangement, Augmentation of Access, Modification of Performance Criteria, and Financing Assurances Review—Press Release; Staff Report; and Statement by the Executive Director for Suriname
IMF Staff Country Reports, January 8, 2024
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- Suriname: Fourth Review Under the Extended Arrangement Under the Extended Fund Facility, Requests for Extension of the Arrangement, Augmentation of Access, Modification of Performance Criteria, and Financing Assurances Review—Press Release; Staff Report; and Statement by the Executive Director for Suriname
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Bibliographic details
- Published: January 8, 2024
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9798400265235.002
Summary and Key Findings
- Fiscal discipline and tight monetary policy are bringing about the long-awaited stability.
- The economy is growing, inflation is coming down, and investor confidence is returning.
- The authorities have completed the private debt exchange and are close to concluding agreements with all remaining creditors.
- The debt exchange with private bondholders has been finalized with high participation rate.
- An agreement in principle at the technical level has been reached with Exim China and is under internal approval process for signature.
- Structural reforms to strengthen institutions, governance, and data quality remain key priorities with continued capacity building support by the IMF and other development partners.
- The authorities’ near-term priority is to maintain fiscal prudence while protecting the most vulnerable, preserve the structural reform momentum, and avoid policy backtracking.
Policy Actions and Institutional Priorities
- Maintain fiscal prudence as a near-term priority.
- Protect the most vulnerable while implementing fiscal consolidation.
- Preserve momentum on structural reforms to strengthen institutions, governance, and data quality.
- Continue capacity building support from the IMF and other development partners.
- Finalize remaining creditor agreements following the private bondholder debt exchange.
Subjects and Keywords
- Subjects: Central banks, Exchange rates, External debt, Foreign exchange, International organization, International reserves, Monetary base, Monetary policy, Money, Public debt
- Keywords: Caribbean, credit system Supervision Act, Exchange rates, government fuel tax, International reserves, Monetary base, profit and loss projection, revised banking, State decree
International Monetary Fund. Western Hemisphere Dept. "Suriname: Fourth Review Under the Extended Arrangement Under the Extended Fund Facility, Requests for Extension of the Arrangement, Augmentation of Access, Modification of Performance Criteria, and Financing Assurances Review-Press Release; Staff Report; and Statement by the Executive Director for Suriname", IMF Staff Country Reports 2024, 006 (2024).
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