{
  "title": "Suriname: Fifth Review Under the Extended Arrangement Under the Extended Fund Facility, Requests for Modification of Performance Criteria, Waivers of Nonobservance of a Performance Criterion, and Financing Assurances Review — Press Release; Staff Report; and Statement by the Executive Director for Suriname",
  "publication": "IMF Staff Country Reports, April 26, 2024",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2024/04/25/suriname-fifth-review-under-the-extended-arrangement-under-the-extended-fund-facility-548310",
  "canonical": "https://www.imf.org/en/publications/cr/issues/2024/04/25/suriname-fifth-review-under-the-extended-arrangement-under-the-extended-fund-facility-548310",
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  "summary": "This paper highlights Suriname’s Fifth Review under the Extended Arrangement under the Extended Fund Facility (EFF), Requests for Modification of Performance Criteria, Waivers of Nonobservance of a Performance Criterion, and Financing Assurances Review.",
  "sections": [
    {
      "heading": "Macroeconomic outcomes and program status",
      "content": "- The authorities’ commitment to fiscal discipline and macroeconomic stabilization under the EFF-supported program is paying off.\n- The economy is growing.\n- Inflation is on a steady downward trend.\n- Investor confidence is improving.\n- Near-term downside risks remain, underscoring the importance of maintaining reform momentum to secure gains."
    },
    {
      "heading": "Debt restructuring and arrears",
      "content": "- Noteworthy progress has been made with debt restructuring.\n- Bilateral agreements with all official creditors have been completed.\n- The debt exchange with private external bondholders has been finalized.\n- Domestic debts to the central bank and commercial banks have been restructured.\n- Priority policy action: promptly clear domestic debt arrears."
    },
    {
      "heading": "Structural reforms and capacity development",
      "content": "- Authorities should persevere with an ambitious structural reform agenda to:\n  - Strengthen institutions.\n  - Improve governance.\n  - Enhance data quality.\n- Continued capacity development support from the IMF and other development partners is recommended."
    },
    {
      "heading": "Subjects and keywords (as listed)",
      "content": "- Subjects: Arrears, Central banks, Exchange rates, External debt, Foreign exchange, International organization, International reserves, Monetary base, Monetary policy, Money, Public debt\n- Keywords: Arrears, assessment power, Caribbean, Exchange rates, governance agenda, International reserves, investor confidence, Monetary base, recapitalization plan, state decree, Surinamese authorities\n\n---\n\n Content in this bundle\n\n- 1surea2024002\n  - 1surea2024002 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - 1surea2024002 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: April 26, 2024",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9798400272882.002",
    "The authorities’ commitment to fiscal discipline and macroeconomic stabilization under the EFF-supported program is paying off.",
    "The economy is growing.",
    "Inflation is on a steady downward trend.",
    "Investor confidence is improving.",
    "Near-term downside risks remain, underscoring the importance of maintaining reform momentum to secure gains.",
    "Noteworthy progress has been made with debt restructuring.",
    "Bilateral agreements with all official creditors have been completed.",
    "The debt exchange with private external bondholders has been finalized.",
    "Domestic debts to the central bank and commercial banks have been restructured.",
    "Priority policy action: promptly clear domestic debt arrears.",
    "Authorities should persevere with an ambitious structural reform agenda to:",
    "Continued capacity development support from the IMF and other development partners is recommended.",
    "Subjects: Arrears, Central banks, Exchange rates, External debt, Foreign exchange, International organization, International reserves, Monetary base, Monetary policy, Money, Public debt",
    "Keywords: Arrears, assessment power, Caribbean, Exchange rates, governance agenda, International reserves, investor confidence, Monetary base, recapitalization plan, state decree, Surinamese authorities",
    "**1surea2024002**"
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