Suriname: 2003 Article IV Consultation-Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Suriname
IMF Staff Country Reports, November 19, 2003
Source details
- Canonical URL
- Suriname: 2003 Article IV Consultation-Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Suriname
Other formats
Bibliographic details
- Published: November 19, 2003
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451835243.002
Executive summary and economic assessment
- Suriname's mining-based economy has suffered from poor macroeconomic management.
- Executive Directors commended the authorities' efforts to stabilize the economic, fiscal, and monetary policy stances.
- Emphasis on the need to accelerate structural reforms to restore macroeconomic stability and support sustainable growth.
Major findings and priorities
- Fiscal consolidation is needed.
- Exchange rate unification is required.
- Economic diversification away from mining is necessary.
- Improvements in governance and tax administration are important to strengthen public finances and institutions.
Data, transparency, and technical assistance
- The authorities decided to subscribe to the General Data Dissemination System.
- Executive Directors encouraged the authorities to continue to take full advantage of the technical assistance being provided by the IMF and the Inter-American Development Bank.
Subject classifications and keywords (as listed)
- Subject: Banking, Commercial banks, Economic sectors, Exchange rates, Financial institutions, Foreign exchange, Public debt, Public sector
- Keywords: authorities' resolve, authority, bauxite company, CARICOM single market, central bank financing, Commercial banks, CR, Exchange rates, financing flow, firm, Global, government, ISCR, market, Public sector, Surinamese authorities