{ "title": "IMF Executive Board Concludes 2025 Article IV Consultation with Suriname", "publication": "IMF News, February 11, 2026", "sourceUrl": "https://www.imf.org/en/news/articles/2026/02/11/pr-26043-suriname-imf-executive-board-concludes-2025-article-iv-consult", "canonical": "https://www.imf.org/en/news/articles/2026/02/11/pr-26043-suriname-imf-executive-board-concludes-2025-article-iv-consult", "overlayPath": "/en/news/articles/2026/02/11/pr-26043-suriname-imf-executive-board-concludes-2025-article-iv-consult/index.md", "summary": "The Executive Board of the International Monetary Fund (IMF) completed the Article IV Consultation for Suriname. The authorities have consented to the publication of the Staff Report prepared for this consultation", "publishDate": "2026-02-11", "sections": [ { "heading": "Overview and recent developments", "content": "- The Executive Board of the International Monetary Fund (IMF) completed the Article IV Consultation for Suriname; the authorities consented to publication of the Staff Report.\n- Growth and macro stability:\n - GDP growth is slowing, driven by a decline in gold production.\n - Fiscal and monetary slippages in 2025 reduced cash buffers, weakened the currency, and increased inflation back to double digits.\n - The increase in gross debt to an estimated 106 percent of GDP is mainly due to a successful liability management operation.\n - The current account deficit is estimated to have exceeded 30 percent of GDP due to offshore oil field investment imports mostly financed by FDI.\n- Near‑term growth outlook:\n - Non‑natural resource growth is estimated to reach 4.7 percent in 2026, supported by positive oil‑related sentiment.\n - Oil field development and relatively stable gold production are expected to support growth of around 4 percent until 2028, when offshore oil production is expected to push growth to around 30 percent.\n- Risks:\n - Downside risks include policy slippages that could adversely affect macroeconomic stability.\n - Over a longer horizon, further developments of offshore oil and gas fields represent a material upside risk." }, { "heading": "Executive Board assessment", "content": "- Directors welcomed progress achieved under the Fund‑supported program concluded in March 2025, while noting recent fiscal and monetary slippages have eroded earlier stabilization gains as Suriname approaches large‑scale oil production.\n- Key emphases by Directors:\n - Renewed commitment to prudent and credible macroeconomic policies, strengthened institutions, and enhanced governance to safeguard macroeconomic stability and support inclusive growth.\n - Technical support from the Fund and other development partners will be important; a number of Directors supported the authorities’ request for a long‑term macro‑fiscal expert (LTX).\n - Improving the fiscal balance is essential to contain foreign‑exchange and inflationary pressures and rebuild buffers.\n - Significant fiscal adjustment in 2026 is needed to underpin stability despite short‑term liquidity from liability‑management operations.\n - Measures encouraged to raise the primary surplus while safeguarding priority investment in human capital, including:\n - Resuming electricity subsidy reductions.\n - Restraining the wage bill.\n - Broadening the tax base.\n - Improving tax administration through digitalization.\n - Strong institutions are crucial for effective management of prospective oil wealth; full and timely implementation of recently passed public financial management and Sovereign Wealth Fund legislation was urged.\n - Monetary policy recommendations:\n - Firm orientation towards maintaining price stability.\n - Bring reserve money to target through open‑market operations.\n - Support plans to transition to a new monetary policy framework and enhance central bank capacity.\n - Limit FX interventions to a narrow definition of disorderly market conditions; maintain exchange rate flexibility.\n - Financial sector resilience:\n - Assess and promote stronger bank risk‑management practices.\n - Step up supervisory monitoring, including of nonbank financial institutions (NBFIs).\n - Governance and oversight:\n - Amend the anti‑corruption law.\n - Operationalize the procurement law.\n - Further strengthen the AML/CFT framework.\n - Strengthen oversight of SOEs and enhance data collection.\n- Directors looked forward to close engagement under the Post Financing Assessment framework.\n- It is expected the next Article IV consultation with Suriname will be held on the standard 12‑month cycle." }, { "heading": "Key statistics and projections (Table 1: Selected Economic Indicators)", "content": "- Real sector (annual percentage change, unless otherwise indicated):\n - Real GDP: 2024 = 1.7; 2025 = 1.5; 2026 = 3.9.\n - o/w Non‑Natural Resource Real GDP: 2024 = 4.1; 2025 = 4.4; 2026 = 4.7.\n - Nominal GDP: 2024 = 14.8; 2025 = 19.2; 2026 = 19.1.\n - Consumer prices (end of period): 2024 = 10.1; 2025 = 13.0; 2026 = 9.7.\n - Consumer prices (period average): 2024 = 16.2; 2025 = 9.5; 2026 = 12.3.\n- Money and credit:\n - Broad money: 2024 = 9.3; 2025 = 15.2; 2026 = 14.2.\n - Private sector credit: 2024 = 16.0; 2025 = 34.0; 2026 = 14.7.\n - Reserve money: 2024 = 23.6; 2025 = 16.3.\n- Central government (in percent of GDP, unless otherwise indicated):\n - Revenue and grants: 2024 = 26.9; 2025 = 28.2; 2026 = 27.5.\n - Of which: Mineral revenue: 2024 = 10.9; 2025 = 10.5.\n - Total expenditure 1/: 2024 = 29.3; 2025 = 38.2; 2026 = 32.8.\n - Of which: central bank recapitalization: 2024 = 5.4.\n - Overall Balance (Net lending/borrowing): 2024 = -2.4; 2025 = -10.0; 2026 = -5.4.\n - Primary Balance 1/: 2024 = 0.3; 2025 = -6.3; 2026 = -0.1.\n - Primary Balance (excl central bank recap): 2024 = -1.0.\n - Deposits at Central Bank: 2024 = 9.2; 2025 = 3.4; 2026 = 2.7.\n - Central government debt: 2024 = 88.0; 2025 = 106.3; 2026 = 96.2.\n - Domestic: 2024 = 14.4; 2025 = 18.0; 2026 = 17.6.\n - External: 2024 = 73.6; 2025 = 88.3; 2026 = 78.6.\n- External sector:\n - Current account balance: 2024 = 0.2; 2025 = -34.3; 2026 = -48.1.\n - Capital and financial account: 2024 = -2.5; 2025 = -31.5; 2026 = -51.0.\n- Memorandum Items:\n - Gross international reserves (US$ millions) 2/: 2024 = 1,373; 2025 = 1,311; 2026 = 1,458.\n - In months of imports: 2024 = 6.4; 2025 = 3.5; 2026 = 3.1.\n - Escrow Account (US$ millions): 2024 = 851.9; 2025 = 680.9.\n - Exchange rate (SRD per USD, period average): 2024 = 33.05.\n- Notes:\n - 1/ Expenditure includes central bank recapitalization of 9,381 Million SRD.\n - 2/ Excludes banks’ ring‑fenced reserves.\n\nIMF Communications Department — Press Release No. 26/043 (February 11, 2026).\n\n---\n\n\n References\n\n- Suriname and the IMF\n- IMF Policy Advice -- A Factsheet\n- Press Releases\n- PRESS CENTER\n- www.imf.org/Suriname\n- http://www.IMF.org/external/np/sec/misc/qualifiers.htm\n- https://www.imf.org/en/home\n\nSource: https://www.imf.org/en/news/articles/2026/02/11/pr-26043-suriname-imf-executive-board-concludes-2025-article-iv-consult" } ], "bullets": [ "[Markdown version](/en/news/articles/2026/02/11/pr-26043-suriname-imf-executive-board-concludes-2025-article-iv-consult/index.md)", "[Structured JSON version](/en/news/articles/2026/02/11/pr-26043-suriname-imf-executive-board-concludes-2025-article-iv-consult/index.json)", "[Bundle manifest](/en/news/articles/2026/02/11/pr-26043-suriname-imf-executive-board-concludes-2025-article-iv-consult/bundle-manifest.json)", "Published: February 11, 2026", "The Executive Board of the International Monetary Fund (IMF) completed the Article IV Consultation for Suriname; the authorities consented to publication of the Staff Report.", "Growth and macro stability:", "Near‑term growth outlook:", "Risks:", "Directors welcomed progress achieved under the Fund‑supported program concluded in March 2025, while noting recent fiscal and monetary slippages have eroded earlier stabilization gains as Suriname approaches large‑scale oil production.", "Key emphases by Directors:", "Directors looked forward to close engagement under the Post Financing Assessment framework.", "It is expected the next Article IV consultation with Suriname will be held on the standard 12‑month cycle.", "Real sector (annual percentage change, unless otherwise indicated):", "Money and credit:", "Central government (in percent of GDP, unless otherwise indicated):", "External sector:", "Memorandum Items:", "Notes:", "[Suriname and the IMF](http://www.imf.org/external/country/SUR/index.htm)", "[IMF Policy Advice -- A Factsheet](https://www.imf.org/en/about/factsheets/imf-surveillance)", "[Press Releases](https://www.imf.org/en/news/searchnews)", "[PRESS CENTER](http://presscenter.imf.org/)", "[www.imf.org/Suriname](http://www.imf.org/Suriname)", "[http://www.IMF.org/external/np/sec/misc/qualifiers.htm](http://www.imf.org/external/np/sec/misc/qualifiers.htm)", "[https://www.imf.org/en/home](https://www.imf.org/en/home)" ], "alternates": { "markdown": "/en/news/articles/2026/02/11/pr-26043-suriname-imf-executive-board-concludes-2025-article-iv-consult/index.md", "json": "/en/news/articles/2026/02/11/pr-26043-suriname-imf-executive-board-concludes-2025-article-iv-consult/index.json", "bundleManifest": "/en/news/articles/2026/02/11/pr-26043-suriname-imf-executive-board-concludes-2025-article-iv-consult/bundle-manifest.json" }, "generatedAtUtc": "2026-09-26T04:26:43.227Z" }