Suriname: Ninth Review Under the Extended Arrangement Under the Extended Fund Facility, Request for a Waiver of Nonobservance of Performance Criterion, and Financing Assurances Review-Press Release; Staff Report; and Statement by the Executive Director for Suriname

IMF Staff Country Reports, April 15, 2025

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Suriname: Ninth Review Under the Extended Arrangement Under the Extended Fund Facility, Request for a Waiver of Nonobservance of Performance Criterion, and Financing Assurances Review-Press Release; Staff Report; and Statement by the Executive Director for Suriname

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Bibliographic details

• Published: April 15, 2025
• Series: IMF Staff Country Reports
• DOI: https://doi.org/10.5089/9798229009454.002

Summary and Key Findings

• The paper presents Suriname’s Ninth Review Under the Extended Arrangement under the Extended Fund Facility, Request for a Waiver of Nonobservance of Performance Criterion, and Financing Assurances Review.
• The objectives of the program have been broadly achieved.
• Macroeconomic and financial outcomes:
  • The economy is growing.
  • Inflation is receding.
  • Public debt is declining.
  • The autonomy and governance of the central bank have been strengthened.
  • Investor confidence is returning.

Near-term Policy Priorities

• Maintain fiscal discipline in the run-up to the elections while protecting the vulnerable.
• Strengthen the fiscal framework, including through:
  • Operationalization of the recently enacted fiscal rules.
  • Support by appropriate institutional mechanisms.
• Implement critical reforms to enable efficient and transparent management of newly found oil resources.

Structural Reform Agenda and Institutional Priorities

• Authorities should persevere with an ambitious structural reform agenda to:
  • Strengthen institutions.
  • Address governance weaknesses.
  • Build climate resilience.
  • Improve data quality.
  • Address gender gaps.

Subjects and Keywords (as provided)

• Subjects: Arrears, Central banks, Exchange rates, External debt, Foreign exchange, International reserves, Monetary base, Money, Public debt
• Keywords: address governance weakness, Arrears, Caribbean, EFF arrangement, electricity company, Exchange rates, governance reform agenda, International reserves, Monetary base, tax authorities

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