Suriname: Technical Assistance Report; Financial Stability, Monetary Policy, and Central Bank Communication
Technical Assistance Reports, April 4, 2025
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- Suriname: Technical Assistance Report; Financial Stability, Monetary Policy, and Central Bank Communication
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Bibliographic details
- Published: April 4, 2025
- Series: Technical Assistance Reports
- DOI: https://doi.org/10.5089/9798229007290.019
Mission objective and context
- At the request of the Central Bank of Suriname (CBvS), the technical assistance (TA) mission assessed and provided recommendations to enhance the transparency, consistency, and stakeholder engagement of monetary policy and financial stability communication.
- Strengthening communication is presented as critical to reinforcing the CBvS’s credibility, aligning practices with international standards, and supporting its mandate for price and financial stability.
Key findings
- Communication practices at the CBvS were assessed as insufficiently structured and lacking forward-looking publications that clarify policy intentions.
- The absence of institutionalized, fixed schedules for decision-making committees reduces predictability for markets and stakeholders.
- Public understanding and market confidence are weakened by current communication practices, affecting the CBvS’s credibility.
Policy recommendations
- Institutionalize structured decision-making by implementing fixed schedules for:
- Monetary Policy Advisory Committee (MPAC) meetings.
- Financial Stability Advisory Committee (FSAC) meetings.
- Policy-setting Executive Board sessions following advisory committee meetings.
- Introduce forward-looking publications to support transparency:
- A Monetary Policy Report (MPR).
- An enhanced Financial Stability Report (FSR).
- Strengthen proactive outreach and capacity-building programs to:
- Improve public understanding of monetary and financial stability objectives.
- Foster market confidence.
- Reinforce CBvS’s credibility.
Communication tools and schedules
- Fixed, regularized meeting schedules for MPAC and FSAC followed by Executive Board sessions are recommended to institutionalize decision-making and improve predictability.
- Forward-looking reports (MPR and enhanced FSR) are recommended to ensure more structured and transparent communication of policy frameworks and outlooks.
Stakeholder engagement and capacity building
- Emphasize proactive outreach to stakeholders, including the public and market participants.
- Implement capacity-building programs aimed at improving public understanding of monetary policy and financial stability roles and tools.
Expected outcomes
- Enhanced transparency and clearer communication of policy decisions.
- Improved alignment of CBvS practices with international standards.
- Regained public trust in the CBvS’s commitment to monetary and financial stability.
- Stronger market confidence through predictable decision-making processes and forward-looking publications.
Source: Suriname: Technical Assistance Report; Financial Stability, Monetary Policy, and Central Bank Communication (April 4, 2025).
Content in this bundle
- tarea2025033-print-pdf