## Suriname: Recent Economic Developments

_IMF Staff Country Reports, March 14, 1995_

## Source details

**Canonical URL:** [Suriname: Recent Economic Developments](https://www.imf.org/en/publications/cr/issues/2016/12/30/suriname-recent-economic-developments-493)

## Other formats

- [Markdown version](/en/publications/cr/issues/2016/12/30/suriname-recent-economic-developments-493/index.md)
- [Structured JSON version](/en/publications/cr/issues/2016/12/30/suriname-recent-economic-developments-493/index.json)
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## Bibliographic details
- Published: March 14, 1995
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451835205.002

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### Summary
- This report analyzes economic developments in Suriname during the 1990s.
- In 1990–92, real GDP recovered moderately, but inflation accelerated, reaching 58 percent in the 12 months ended December 1992, owing to a further weakening of financial policies.
- Interest rates became sharply negative in real terms, which initiated a gradual shift out of domestic financial assets.
- The external accounts remained weak, and the overall balance of payments showed deficits that were financed by a decline in international reserves and an accumulation of external payments arrears.

### Major findings and indicators
- Real GDP: recovered moderately in 1990–92.
- Inflation: reached 58 percent in the 12 months ended December 1992.
- Interest rates: became sharply negative in real terms, prompting a shift out of domestic financial assets.
- External accounts: remained weak.
- Balance of payments: showed deficits financed by a decline in international reserves and an accumulation of external payments arrears.

### Subjects and keywords (as listed)
- Subjects: Banking, Commercial banks, Exchange rates, Financial institutions, Foreign exchange, Income, Monetary policy, National accounts, Revenue administration, Standing facilities
- Keywords: bauxite company, Commercial banks, company, consumer goods, CR, customs duty, estimated tax, Exchange rates, Global, Income, ISCR, rate of inflation, sick pay, Standing facilities, taxable income, time deposit

### Notes
- The report was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with this member country.
- In releasing this document for public use, confidential material may have been removed at the request of the member.

*Source: Suriname: Recent Economic Developments, March 14, 1995.*

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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/30/suriname-recent-economic-developments-493_