At a Glance
- Current IMF membership: 191 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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December 18, 2024
The Executive Board of the International Monetary Fund concluded the 2024 Article IV consultation and completed the eighth review under the Extended Fund Facility (EFF) arrangement for Suriname. The completion of the review allows for an immediate purchase equivalent to SDR 46.8 million (about USD 61 million) of which SDR 33.5 million (about USD 44 million) would be for budget support.
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November 22, 2024
An International Monetary Fund (IMF) team led by Ms. Anastasia Guscina conducted discussions with the Surinamese authorities during October 29-November 12 on the 2024 Article IV and reached a staff level agreement on the 8th review of the 36-month Extended Fund Facility that was approved by the IMF’s Executive Board in December 2021.
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October 29, 2024
Series:Country Report No. 2024/315
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September 18, 2024
The Executive Board of the International Monetary Fund (IMF) completed the seventh review under the Extended Fund Facility (EFF) arrangement for Suriname.
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August 22, 2024
An International Monetary Fund (IMF) team led by Ms. Anastasia Guscina conducted a mission with the Surinamese authorities during July 29-August 8 to discuss policies to complete the seventh review of the 36-month Extended Fund Facility approved by the IMF Executive Board on December 22, 2021
October 25, 2024
Rebalancing Policies and Pressing on with ReformsAfter successfully weathering a series of shocks, most countries in the region are converging to their (tepid) potential. Growth is expected to moderate in late 2024 and 2025, while inflation is projected to continue easing, although gradually. With output gaps mostly closed and inflation near target in most cases, policies should be rebalanced. Fiscal consolidation should advance without delay to rebuild buffers while protecting priority public investment and social spending. Most central banks are well placed to proceed with monetary easing, striking a balance between fending off the risk of reemerging price pressures and avoiding an undue economic contraction. Over the medium-term, growth is expected to remain close to its low historical average, reflecting long-standing, unresolved challenges. Pressing on with structural reforms will be key to boost potential growth and raise living standards.
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