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Western Hemisphere > Suriname

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Cover IMF Staff Country Reports
Suriname: 2009 Article IV Consultation—Staff Report; Statement by the Staff Representative; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director
International Monetary Fund
This 2009 Article IV Consultation highlights that economic activity weakened in Suriname in 2009 in the context of lower alumina and oil prices and a sharp output decline in the alumina sector. However, economic growth is estimated to have remained positive at 2.5 percent, supported by buoyant activity in the gold and construction sectors. Inflation has fallen sharply. Executive Directors have welcomed the authorities’ decision to postpone the reduction in the corporate tax rate, as this would adversely affect tax collections.
Keywords:
ISCR; CR; Standard and Poor's; S&P's praised Suriname; Suriname; ratings report; foreign currency rating; broad money growth; staff appraisal; Surinamese insurance company Self Reliance; Commercial banks; Bank deposits; Public sector; Civil service; Global
Cover IMF Staff Country Reports
Suriname: 2008 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion for Suriname; and Statement by the Executive Director for Suriname
International Monetary Fund
The key findings of Suriname’s 2008 Article IV Consultation show that a narrow economic base, terms-of-trade swings, and a weak policy/institutional framework have in the past led to macroeconomic instability. Weak policy and institutional frameworks have contributed to higher economic volatility and lower growth than in other commodity-exporting countries. These have undermined the credibility of policies and contributed to high financial dollarization, with over half of deposits denominated in foreign currency. Aided by high commodity prices and improved confidence, GDP growth is estimated at 5½ percent, with strong performance in both the mineral and nonmineral sectors.
Keywords:
ISCR; CR; Surinamese authorities; debt; IDB financing; terms of trade; price shock; GDP number; GDP ratio; Inflation; Public sector; Current account; Global