## Suriname: Third Review Under the Extended Arrangement Under the Extended Fund Facility-Press Release; Staff Report; and Statement by the Executive Director for Suriname

_IMF Staff Country Reports, October 16, 2023_

## Source details

**Canonical URL:** [Suriname: Third Review Under the Extended Arrangement Under the Extended Fund Facility-Press Release; Staff Report; and Statement by the Executive Director for Suriname](https://www.imf.org/en/publications/cr/issues/2023/10/16/suriname-third-review-under-the-extended-arrangement-under-the-extended-fund-facility-press-540618)

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## Bibliographic details
- Published: October 16, 2023
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9798400256158.002

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### Executive summary and macroeconomic outlook
- The paper presents Suriname’s Third Review Under the Extended Arrangement Under the Extended Fund Facility.
- The authorities’ commitment to macroeconomic stability and fiscal discipline under the program is starting to bear fruit.
- The economy is stabilizing as exchange rate pressures have eased.
- Inflation, while still high, is on a downward trend.
- Monetary and fiscal restraints are easing pressures on the exchange rate, but inflation has yet to move decisively lower.

### Fiscal policy, debt trajectory, and social protection
- The authorities’ main near-term policy priority is to maintain fiscal prudence while protecting the most vulnerable and supporting growth-enhancing investment.
- Decisive fiscal adjustment is putting debt on a firm downward trajectory even as expenditures to protect the vulnerable are being prioritized.
- Efforts are underway to broaden the tax base and increase spending efficiency.

### Revenue measures and financial sector actions
- The authorities have enacted an amendment to increase value added tax revenues.
- The authorities have finalized a framework to assess banks’ recapitalization and restructuring plans.
- Actions are being taken to improve governance and address longstanding vulnerabilities in the financial system.

### Key thematic tags and identifiers
- Subject: Arrears, Asset and liability management, Debt restructuring, External debt, Foreign exchange, Inflation, International organization, Monetary policy, Prices, Public debt
- Keywords: Arrears, Caribbean, Debt restructuring, end-December QPC, Global, governance reform, Inflation, near-term policy priority, staff appraisal, Surinamese authorities

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- **1surea2023004**
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_Source: https://www.imf.org/en/publications/cr/issues/2023/10/16/suriname-third-review-under-the-extended-arrangement-under-the-extended-fund-facility-press-540618_