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

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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 November 14, 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

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