Suriname: 2003 Article IV Consultation-Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Suriname

November 19, 2003

Preview Citation

Format: Chicago

Suriname: 2003 Article IV Consultation-Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Suriname, (USA: International Monetary Fund, 2003) accessed December 25, 2024

Summary

Suriname's mining-based economy has suffered from poor macroeconomic management. Executive Directors commended the authorities' efforts to stabilize the economic, fiscal, and monetary policies stances, and emphasized the need to accelerate structural reforms. They stressed the need for fiscal consolidation, exchange rate unification, economic diversification, and improvements in governance and tax administration. They welcomed the authorities' decision to subscribe to the General Data Dissemination System, and encouraged them to continue to take full advantage of the technical assistance being provided by the IMF and the Inter-American Development Bank.

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

Publication Details

Pages:

44
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2003/356
Stock No:

1SUREA0012003
ISBN:

9781451835243
ISSN:

1934-7685

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