Suriname: 2024 Article IV Consultation and the Eighth Review Under the Extended Arrangement Under the Extended Fund Facility, Requests for Modification of Performance Criteria, Waivers of Nonobservance of Performance Criteria, and Financing Assurances

2024 Article IV Consultation and the Eighth Review Under the Extended Arrangement Under the Extended Fund Facility, Requests for Modification of Performance Criteria, Waivers of Nonobservance of Performance Criteria, and Financing Assurances Review-Press Release; Staff Report; and Statement by the Executive Director for Suriname

Author: International Monetary Fund. Western Hemisphere Dept.

Suriname: 2024 Article IV Consultation and the Eighth Review Under the Extended Arrangement Under the Extended Fund Facility, Requests for Modification of Performance Criteria, Waivers of Nonobservance of Performance Criteria, and Financing Assurances Review-Press Release

Volume/Issue: Volume 2025 Issue 011

Publication date: January 2025

ISBN: 9798400298967

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Topics covered in this book

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Banks and Banking , Money and Monetary Policy , Public Finance , Business and Economics - Statistics , Surinamese authorities , tax authorities , debt sustainability outlook , recapitalization plan , B , data standard , governance reform agenda , policy priority , management framework , government procurement , Monetary base , International reserves , Exchange rates , Arrears , Caribbean

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Summary

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 (FID) to develop a large offshore oil field was announced on October 1. Moody’s has upgraded Suriname’s sovereign debt rating and changed the outlook to positive.