IMF Staff Country Reports

Suriname: Second Review Under the Extended Arrangement Under the Extended Fund Facility, Requests for Rephasing and Reduction of Access, Waivers of nonobservance of Performance Criteria and Financing Assurances Review-Press Release; Staff Report; Staff Supplement; Staff Statement; and Statement by the Executive Director for Suriname

June 27, 2023

Download PDF Order a Print Copy
Order a Print Copy

Preview Citation

Format: Chicago

Suriname: Second Review Under the Extended Arrangement Under the Extended Fund Facility, Requests for Rephasing and Reduction of Access, Waivers of nonobservance of Performance Criteria and Financing Assurances Review-Press Release; Staff Report; Staff Supplement; Staff Statement; and Statement by the Executive Director for Suriname, (USA: International Monetary Fund, 2023) accessed December 24, 2024

Summary

The program went off-track in mid-2022, due to the delayed completion of a prior action on parliamentary approval of the VAT law and, subsequently, to spending overruns which injected local currency liquidity into the system, fueling currency depreciation and inflation. The authorities have taken concerted efforts to restore fiscal discipline including through passage of a 2023 budget. The central bank has also taken measures to tighten monetary conditions. Progress has been made in restructuring both official and privately-held public debt.

Subject: Arrears, Exchange rates, External debt, Foreign exchange, International organization, Monetary policy, Multiple currency practices, Public debt

Keywords: Arrears, Caribbean, Exchange rates, Global, Governance reform of bank, Government FX sale, Multiple currency practices, Roadmap triage, Sales transaction, Staff appraisal

Publication Details

  • Pages:

    129

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2023/232

  • Stock No:

    1SUREA2023003

  • ISBN:

    9798400246241

  • ISSN:

    1934-7685

You May Also Be Interested In...

Central Bank Stress Testing—Guidance Note

December 23, 2024

Republic of Kosovo: 2024 Article IV Consultation and Third Reviews Under the Stand-By Arrangement and the Arrangement Under the Resilience and Sustainability Facility-Press Release; and Staff Report

December 23, 2024

Paraguay: Fourth Review Under the Policy Coordination Instrument, Request for Modification of Targets, Second Review Under the Arrangement Under the Resilience and Sustainability Facility, and Request for Rephasing Access-Press Release; and Staff Report

December 23, 2024

Barbados: Fourth Reviews Under the Extended Arrangement Under the Extended Fund Facility and the Arrangement Under the Resilience and Sustainability Facility-Press Release; Staff Report; and Statement by the Alternate Executive Director for Barbados

December 23, 2024