Suriname: Ninth Review Under the Extended Arrangement Under the Extended Fund Facility, Request for a Waiver of Nonobservance of Performance Criterion, and Financing Assurances Review-Press Release; Staff Report; and Statement by the Executive Directo

Ninth Review Under the Extended Arrangement Under the Extended Fund Facility, Request for a Waiver of Nonobservance of Performance Criterion, and Financing Assurances Review-Press Release; Staff Report; and Statement by the Executive Director for Suriname

Author: International Monetary Fund. Western Hemisphere Dept.

Suriname: Ninth Review Under the Extended Arrangement Under the Extended Fund Facility, Request for a Waiver of Nonobservance of Performance Criterion, and Financing Assurances Review-Press Release; Staff Report; and Statement by the Executive Director for Suriname

Volume/Issue: Volume 2025 Issue 097

Publication date: April 2025

ISBN: 9798229009454

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Banks and Banking , Exports and Imports , Money and Monetary Policy , Public Finance , Monetary base , Exchange rates , Credit , International reserves , Anti-money laundering and combating the financing of terrorism (AML/CFT) , Arrears , Currencies

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Summary

The economy is growing, inflation is receding, donor support is increasing, public debt is declining, and credit rating agencies have upgraded Suriname’s sovereign debt rating. The oil production from block 58 is set to begin in 2028 and the authorities are putting in place the institutions needed to transparently manage this resource windfall. Upon completion of this ninth review—the first ever IMF-supported program that Suriname will have completed—SRD 46.8 million (about USD 61.2 million) would be made available.