Suriname: 2009 Article IV Consultation—Staff Report; Statement by the Staff Representative; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director

February 19, 2010

Preview Citation

Format: Chicago

Suriname: 2009 Article IV Consultation—Staff Report; Statement by the Staff Representative; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director, (USA: International Monetary Fund, 2010) accessed November 21, 2024

Summary

This 2009 Article IV Consultation highlights that economic activity weakened in Suriname in 2009 in the context of lower alumina and oil prices and a sharp output decline in the alumina sector. However, economic growth is estimated to have remained positive at 2.5 percent, supported by buoyant activity in the gold and construction sectors. Inflation has fallen sharply. Executive Directors have welcomed the authorities’ decision to postpone the reduction in the corporate tax rate, as this would adversely affect tax collections.

Subject: Bank deposits, Banking, Civil service, Commercial banks, Economic sectors, Financial institutions, Financial services, Labor, Public debt, Public sector

Keywords: Bank deposits, Broad money growth, Civil service, Commercial banks, CR, Foreign currency rating, Global, ISCR, Public sector, Ratings report, S&P's praised Suriname, Staff appraisal, Standard and Poor's, Suriname, Surinamese insurance company Self Reliance

Publication Details

Pages:

51
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2010/044
Stock No:

1SUREA2010001
ISBN:

9781451835342
ISSN:

1934-7685

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