Suriname: Fifth Review Under the Extended Arrangement Under the Extended Fund Facility, Requests for Modification of Performance Criteria, Waivers of Nonobservance of a Performance Criterion, and Financing Assurances Review — Press Release; Staff Report; and Statement by the Executive Director for Suriname
IMF Staff Country Reports, April 26, 2024
Source details
- Canonical URL
- Suriname: Fifth Review Under the Extended Arrangement Under the Extended Fund Facility, Requests for Modification of Performance Criteria, Waivers of Nonobservance of a Performance Criterion, and Financing Assurances Review — Press Release; Staff Report; and Statement by the Executive Director for Suriname
Other formats
Bibliographic details
- Published: April 26, 2024
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9798400272882.002
Macroeconomic outcomes and program status
- The authorities’ commitment to fiscal discipline and macroeconomic stabilization under the EFF-supported program is paying off.
- The economy is growing.
- Inflation is on a steady downward trend.
- Investor confidence is improving.
- Near-term downside risks remain, underscoring the importance of maintaining reform momentum to secure gains.
Debt restructuring and arrears
- Noteworthy progress has been made with debt restructuring.
- Bilateral agreements with all official creditors have been completed.
- The debt exchange with private external bondholders has been finalized.
- Domestic debts to the central bank and commercial banks have been restructured.
- Priority policy action: promptly clear domestic debt arrears.
Structural reforms and capacity development
- Authorities should persevere with an ambitious structural reform agenda to:
- Strengthen institutions.
- Improve governance.
- Enhance data quality.
- Continued capacity development support from the IMF and other development partners is recommended.
Subjects and keywords (as listed)
- Subjects: Arrears, Central banks, Exchange rates, External debt, Foreign exchange, International organization, International reserves, Monetary base, Monetary policy, Money, Public debt
- Keywords: Arrears, assessment power, Caribbean, Exchange rates, governance agenda, International reserves, investor confidence, Monetary base, recapitalization plan, state decree, Surinamese authorities
Content in this bundle
- 1surea2024002