Suriname: 2011 Article IV Consultation-Staff Report, Informational Annex, Public Information Notice on the Executive Board Discussion and Statement by the Executive Director for Suriname

August 18, 2011

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Format: Chicago

Suriname: 2011 Article IV Consultation-Staff Report, Informational Annex, Public Information Notice on the Executive Board Discussion and Statement by the Executive Director for Suriname, (USA: International Monetary Fund, 2011) accessed November 21, 2024

Summary

In this paper, the economic growth of Suriname is discussed. The fiscal deficit shifted from 2.2 percent to 3.3 percent of GDP during 2009–10. In 2010, CLICO-Suriname was acquired by a local insurance company. The need to rein in current expenditure and avoid development of wage–price inflation and strengthen the social support programs are stressed by the authorities. The introduction of VAT and other systems are discussed. Finally, improvement over the business environment to facilitate the development of the private sector and global economy was encouraged.

Subject: Banking, Commercial banks, Commodities, Credit, Financial institutions, Gold, Money, Multiple currency practices, Public debt, Revenue administration

Keywords: Authority, Awareness of the need, Commercial banks, Consultation, Consultation informational annex, CR, Credit, Credit growth, Dollarization ratio, Gold, Government, ISCR, South America, Surinamese authorities

Publication Details

Pages:

54
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2011/256
Stock No:

1SUREA2011001
ISBN:

9781462318360
ISSN:

1934-7685

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