{
  "title": "Suriname: 2009 Article IV Consultation—Staff Report; Statement by the Staff Representative; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director",
  "publication": "IMF Staff Country Reports, February 19, 2010",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/suriname-2009-article-iv-consultation-staff-report-statement-by-the-staff-representative-23630",
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  "summary": "This 2009 Article IV Consultation highlights that economic activity weakened in Suriname in 2009 in the context of lower alumina and oil prices and a sharp output decline in the alumina sector. However, economic growth is estimated to have remained positive at 2.",
  "publishDate": "2010-02-19",
  "series": "IMF Staff Country Reports",
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    {
      "heading": "Executive summary and key findings",
      "content": "- Economic activity weakened in Suriname in 2009 in the context of lower alumina and oil prices and a sharp output decline in the alumina sector.\n- Economic growth is estimated to have remained positive at 2.5 percent, supported by buoyant activity in the gold and construction sectors.\n- Inflation has fallen sharply.\n- Executive Directors welcomed the authorities’ decision to postpone the reduction in the corporate tax rate, as this would adversely affect tax collections."
    },
    {
      "heading": "Major macroeconomic developments",
      "content": "- Sectoral performance:\n  - Alumina sector: experienced a sharp output decline in 2009.\n  - Gold sector: buoyant activity contributed to positive growth.\n  - Construction sector: buoyant activity contributed to positive growth.\n- External environment:\n  - Lower alumina and oil prices contributed to the overall weakening of economic activity in 2009."
    },
    {
      "heading": "Policy issues and recommendations noted",
      "content": "- Fiscal policy:\n  - Postponement of the reduction in the corporate tax rate was welcomed by Executive Directors because a reduction would adversely affect tax collections.\n- Financial sector and public sector issues:\n  - Subjects covered include Bank deposits, Banking, Civil service, Commercial banks, Economic sectors, Financial institutions, Financial services, Labor, Public debt, Public sector.\n\n---\n\n Content in this bundle\n\n- cr1044\n  - cr1044 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr1044 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/cr/issues/2016/12/31/suriname-2009-article-iv-consultation-staff-report-statement-by-the-staff-representative-23630"
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    "Published: February 19, 2010",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781451835342.002",
    "Economic activity weakened in Suriname in 2009 in the context of lower alumina and oil prices and a sharp output decline in the alumina sector.",
    "Economic growth is estimated to have remained positive at 2.5 percent, supported by buoyant activity in the gold and construction sectors.",
    "Inflation has fallen sharply.",
    "Executive Directors welcomed the authorities’ decision to postpone the reduction in the corporate tax rate, as this would adversely affect tax collections.",
    "Sectoral performance:",
    "External environment:",
    "Fiscal policy:",
    "Financial sector and public sector issues:",
    "**_cr1044**"
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