Suriname: 2004 Article IV Consultation-Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Suriname

April 25, 2005

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Format: Chicago

Suriname: 2004 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, 2005) accessed December 23, 2024

Summary

This 2004 Article IV Consultation highlights that tighter fiscal and monetary policies in Suriname helped stabilize the exchange rate and moderate inflation pressures in 2003 and 2004. The fiscal deficit narrowed from 6.5 percent of GDP in 2002 to near balance in 2003, while a tighter monetary policy helped to reduce inflation from 28 percent in 2002 to 13 percent in 2003. The financial system has become increasingly dollarized in recent years, reflecting the lingering effects on confidence of earlier episodes of price instability, as well as regulatory changes favoring foreign currency intermediation.

Subject: Bank deposits, Commercial banks, Economic sectors, Exchange rates, External debt, Financial institutions, Foreign exchange, Public debt, Public sector

Keywords: Central bank, Commercial banks, CR, Exchange rates, Financing government deficit, Foreign currency, Fund staff, Global, Government, ISCR, Private sector, Public sector, Suriname, Suriname debt management office, Surinamese authorities

Publication Details

Pages:

50
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2005/143
Stock No:

1SUREA2005002
ISBN:

9781451835274
ISSN:

1934-7685

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