Suriname: Request for an Extended Arrangement under the Extended Fund Facility-Press Release; Staff Report; Staff Statement; and Statement by the Executive Director for Suriname
December 23, 2021
Download PDF
More Formats on IMF eLibrary
Order a Print CopySummary
Suriname faces systemic fiscal and external imbalances as a result of many years of economic mismanagement. Usable foreign reserves were depleted and, in the absence of other sources of budget financing, fiscal deficits were monetized. Inflation has, as a result, surged and there has been a significant depreciation of the exchange rate. Public debt, at 148 percent of GDP at end-2020, is unsustainable. In addition, there are important solvency problems embedded in the domestic banking system.
Subject: Arrears, Exchange rates, External debt, Foreign exchange, International organization, Monetary base, Monetary policy, Money, Public debt
Keywords: Arrears, Caribbean, Exchange rates, Global, government of Suriname, Monetary base, staff appraisal, staff representative, Surinamese authorities, term deposit
Pages:
111
Volume:
2021
DOI:
Issue:
280
Series:
Country Report No. 2021/280
Stock No:
1SUREA2021001
ISBN:
9781616359799
ISSN:
1934-7685
