At a Glance
- Current IMF membership: 190 countries
- Suriname joined the Fund in April 27, 1978; Article VIII
- Total Quotas: SDR 128.90 Million
- Loans outstanding: Stand-by Arrangements SDR 58.00 Million
- On December 19, 2016the IMF Executive Board concluded the 2015 Article IV consultation with Suriname ( Press Release 17/14, January 24, 2017)
IMF's Work on Suriname
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July 31, 2024
Series:Country Report No. 2024/254
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IMF Executive Board Completes Sixth Review Under the Extended Fund Facility Arrangement for Suriname
July 30, 2024
The Executive Board of the International Monetary Fund completed the sixth review under the Extended Fund Facility (EFF) arrangement for Suriname, allowing for an immediate purchase equivalent to SDR 46.7 million (about US$ 61.5 million) of which SDR 19.1 million or about US$25.2 million would be for budget support.
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July 12, 2024
Series:Technical Assistance Report No. 2024/056
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IMF Executive Board Completes Sixth Review Under the Extended Fund Facility Arrangement for Suriname
June 20, 2024
Suriname is implementing an ambitious economic reform agenda aimed at restoring fiscal and debt sustainability through fiscal consolidation and debt restructuring, protecting the vulnerable by expanding social protection, upgrading the monetary and exchange rate policy framework, addressing banking sector vulnerabilities, and advancing the anti-corruption and governance agenda. These policies are supported by the EFF arrangement, which was approved by the Executive Board on December 22, 2021 (see Press Release No. 21/400).
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June 6, 2024
The IMF team reached a staff-level agreement with the authorities on the sixth review of Suriname’s economic reform program that is supported by the EFF arrangement. While some of the quantitative targets were missed, the authorities are taking corrective actions. Structural reforms are progressing with a stronger impetus. This staff-level agreement is subject to approval by the IMF’s Executive Board, contingent on the fulfillment of all relevant Fund policies. Upon completion of this review, Suriname will have access to SDR 46.7 million (about USD 61.8 million), bringing total program disbursements to date to SDR 290.4 million (about USD 384.3 million).