Suriname: Second Review Under the Extended Arrangement Under the Extended Fund Facility, Requests for Rephasing and Reduction of Access, Waivers of nonobservance of Performance Criteria and Financing Assurances Review-Press Release; Staff Report; Staff Supplement; Staff Statement; and Statement by the Executive Director for Suriname
IMF Staff Country Reports, June 27, 2023
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- Suriname: Second Review Under the Extended Arrangement Under the Extended Fund Facility, Requests for Rephasing and Reduction of Access, Waivers of nonobservance of Performance Criteria and Financing Assurances Review-Press Release; Staff Report; Staff Supplement; Staff Statement; and Statement by the Executive Director for Suriname
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Bibliographic details
- Published: June 27, 2023
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9798400246241.002
Summary and context
- Publication date: June 27, 2023
- This paper presents Suriname’s Review under the Extended Arrangement under the Extended Fund Facility, Requests for Rephasing and Reduction of Access, Waivers of Nonobservance of Performance Criteria (PC), and Financing Assurances Review.
- The authorities have focused on restoring fiscal discipline and expanding social assistance programs to protect the poor.
- Important milestones in debt restructuring negotiations have been reached and, together with fiscal consolidation, are expected to support efforts to restore debt sustainability.
Major findings and program performance
- The end-December 2022 quantitative performance criteria on the cumulative central government primary balance and net domestic assets were missed.
- Two continuous PCs and one standard continuous PC were also breached.
- Progress on implementing the structural agenda has moved ahead but with delays.
- Structural reforms to strengthen institutions, governance, and data quality remain key priorities.
- IMF and Suriname’s other development partners continue to provide capacity building support.
Policy implications and priorities
- Fiscal consolidation combined with completed debt restructuring is central to restoring debt sustainability.
- Protecting vulnerable populations through expanded social assistance is an ongoing priority while fiscal discipline is restored.
- Continued implementation of structural reforms to strengthen institutions, governance, and data quality is emphasized.
Content in this bundle
- 1surea2023003 - Executive Summary