The authorities' commitment to a range of policy reforms continues to strengthen macroeconomic stability. The economy is growing, inflation is receding, donor support is increasing, the public debt is declining, and international bond spreads are at historic lows. The Final Investment Decision...

The European Union's (EU) Global Health Strategy calls for open and strategic autonomy in the field of pharmaceuticals, which would lead to the redesign of EU global supply and value chains as well as trade relations. As the EU and Germany are seeking to diversify their trade partners, the...

Differently to large parts of the scholarship assessing the impact of religion on the integration of Muslim minorities in Europe, the case selection employed in the present study allows for controlling relevant sociodemographic variables, namely migration background or rather generation and...

The authorities' commitment to a range of policy reforms is showing results in terms of macroeconomic stability and investor perceptions. The economy is growing, inflation is declining, donor support is increasing, and international bond spreads are at historic lows

The authorities’ commitment to a range of difficult policy reforms is showing results in terms of macroeconomic stability and investor perceptions. The economy is growing, inflation is declining, donor support is increasing, and international bond spreads are at historic lows

The mission was undertaken in the context of a capacity development (CD) project that assisted the authorities to enact a new AML/CFT law in November 2022 and amend AML/CFT secondary legislation and related components of sectoral legislation. During the mission, staff discussed the...

At the request of the Directorate of Taxes and Customs, a technical assistance mission evaluated how the authorities launched the Value Added Tax (VAT), administered the tax in the first 12-months of operation, and provided advice on improving the efficiency of the administration of VAT....

The authorities' commitment to fiscal discipline and macroeconomic stability is paying off. The economy is growing, inflation is on a steady downward trend, investor confidence is improving, donor support is increasing, and S&P has upgraded Suriname's credit rating. A debt restructuring...

The mission worked with officials of the Central Bank of Suriname (CBS) to review the compilation framework of monetary statistics for the central bank (CB) and other depository corporations (ODCs) in accordance with the methodology set out in the IMF's 2016 Monetary and Financial Statistics...

This paper presents Suriname's Fourth Review under the Extended Arrangement under the Extended Fund Facility, Requests for Extension of the Arrangement, Augmentation of Access, Modification of Performance Criteria, and Financing Assurances Review. Fiscal discipline and tight monetary policy are...

Differently to large parts of the scholarship assessing the impact of religion on the integration of Muslim minorities in Europe, the case selection employed in the present study allows for controlling relevant sociodemographic variables, namely migration background or rather generation and...

The European Union’s (EU) Global Health Strategy calls for open and strategic autonomy in the field of pharmaceuticals, which would lead to the redesign of EU global supply and value chains as well as trade relations. As the EU and Germany are seeking to diversify their trade partners, the...

Suriname is a small, natural resource-rich, densely forested, upper-middle-income country, which, though it has great economic potential, is undergoing challenging times. Substantial offshore oil deposits were recently discovered in the Suriname-Guyana Basin, with potentially significant...

The technical assistance aimed to enhance the financial stability report (FSR) of the Central Bank of Suriname. The mission concluded that the preparation of detailed FSR production plan and communication strategy are critical and could facilitate improvements, promote the report, and bring some...

The mission focused on enhancing the financial stability report (FSR) of the Central Bank of Suriname (CBS) whose publication has recently resumed. It reviewed the latest available FSR together with all background documents on financial stability work shared by the CBS. Based on those materials,...

The authorities continue to prioritize fiscal discipline and macroeconomic stability in their policy actions. Restructuring agreements have been reached for both official and privately-held public debt, aside from the official debt to China, where negotiations continue. The financial advisors...

This paper presents Suriname's Review under the Extended Arrangement under the Extended Fund Facility, Requests for Rephasing and Reduction of Access, Waivers of Nonobservance of Performance Criteria (PC), and Financing Assurances Review. The authorities have made concerted efforts to bring...

This technical assistance report on Suriname highlights proceedings of the Government Finance Statistics (GFS) mission. The authorities have partially followed the recommendations from previous mission that took place in April 2022. While there has been significant progress in below-the-line...

This technical assistance report on Suriname highlights medium-term macro-fiscal forecasting (MTFF). The Economic Affairs Department (EAD) recognizes the desirability of creating a new medium-term macro-fiscal forecasting framework. Existing technical capacity relating to forecasting among most...

Most studies of total factor productivity (TFP) and long-term production functions use capital stock time series obtained from ad hoc estimates of the rate of depreciation and the initial capital stock. This paper introduces a methodology that allows the simultaneous econometric estimation of...

This technical assistance (TA) mission on Government Finance Statistics was conducted during April 19- May 6, 2022. The main purpose of the mission was to review the progress made by the authorities in implementing previous TA recommendations and provide further support to improve fiscal data...

At the request of the Suriname authorities, a remote technical assistance (TA) mission took place during December 6-17, 2021. The mission was conducted in coordination with the IMF's Western Hemisphere Department. The main objective of the mission was to assist the Ministry of Finance and...

A technical assistance (TA) mission on external sector statistics (ESS) was conducted in Paramaribo, Suriname, during March 2‒13, 2020. The mission was part of the Caribbean Regional Technical Assistance Centre (CARTAC) work program on ESS and was carried out in response to a request from the...

On December 22, 2021, the IMF Executive Board approved a 36-month arrangement under the Extended Fund Facility (EFF) with access of 366.8 percent of quota (SDR 472.8 million or USD 673 million). The Surinamese authorities' homegrown economic recovery plan aims to address systemic fiscal and...

This paper applies probit regression models to a nationally representative household survey dataset collected in 2016-2017 to analyze the relationships between various socio-demographic variables and adult Body Mass Index (BMI) in Suriname. Our results indicate that women, the elderly, and...

In Suriname, the national percentage of population with access to safe drinking water is 72.6 percent, showing that even though Suriname has great wealth in water resources, not everyone is benefiting from it. From a human rights perspective, states carry the responsibility for realizing the...

This paper applies probit regression models to a nationally representative household survey dataset collected in 2016-2017 to analyze the relationships between various socio-demographic variables and adult Body Mass Index (BMI) in Suriname. Our results indicate that women, the elderly, and...

Suriname faces systemic fiscal and external imbalances as a result of many years of economic mismanagement. Usable foreign reserves were depleted and, in the absence of other sources of budget financing, fiscal deficits were monetized. Inflation has, as a result, surged and there has been a...

This paper examines the allocation of resources of poverty rates within households in Suriname. To this end we employ a bargaining model estimation framework that allows one to identify the allocation of resources across adult and children males and females. Our results using the Suriname...

High and unsustainable public debt is an economic problem at the center of many emerging and developing economies. This paper investigates, for the period 1978-2017, how the Surinamese Government reacted to changes in public debt for the period 1978-2017 and assesses if fiscal policy was...

This paper examines the allocation of resources of poverty rates within households in Suriname. To this end we employ a bargaining model estimation framework that allows one to identify the allocation of resources across adult and children males and females. Our results using the Suriname...

“Trade Policy Reviews” analyse the trade policies and practices of each member of the WTO. The reviews consist of three parts: an independent report by the WTO Secretariat, a report by the government, and the concluding remarks by the Chair of the WTO’s Trade Policy Review Body. The...

This 2019 Article IV Consultation with Suriname discusses that Suriname continues to grow steadily with low inflation. However, there has been little progress in implementing urgently needed fiscal reforms, and the fiscal position is likely to continue to weaken in the coming year. The...

This Selected Issues paper on Suriname analyzes exchange rate pass through in Suriname. While the previous studies exclusively focused on the bilateral exchange rate against the US dollar, this study, in addition, estimates exchange rate passthrough using the nominal effective exchange rate....

This set of policy briefs has the objective of profiling disaster risk management (DRM) policies in five selected member States of the Caribbean Development and Cooperation Committee: Barbados, Guyana, Saint Lucia, Suriname, and Trinidad and Tobago. The present publication is the second that...

The judgment of the Inter-American Court of Human Rights in the case of Kaliña and Lokono Peoples v. Suriname is noteworthy for a number of reasons. Particularly important is the Court's repeated citation and incorporation of various provisions of the 2007 United Nations Declaration on the...

This Technical Assistance Report on Suriname constitutes technical advice provided by the staff of the IMF to the authorities of Suriname in response to their request for technical assistance. The mission discussed issues concerning the consumer price index (CPI), the producer price index (PPI)...

Suriname is recovering from the deep recession of 2015-16. Growth has turned positive, inflation has reduced to single digits, real interest rates have turned positive, and the external position has on balance strengthened. Nonetheless, the economy remains heavily dependent on the mineral...

This Selected Issues explores ways for strengthening the current fiscal framework in Suriname and considers options for a new fiscal anchor. The paper provides an overview of mineral natural resources and their importance for the budget. It also lays out the current framework for fiscal planning...