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Western Hemisphere > Suriname

You are looking at 1 - 5 of 5 items for :

  • Type: Journal Issue x
  • Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity x
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Cover 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
International Monetary Fund. Western Hemisphere Dept.
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 their economic recovery program back on track and stabilize the economy, foremost by restoring fiscal discipline, while expanding social assistance programs to protect the poor. They have also reached important milestones in debt restructuring negotiations, which, alongside fiscal consolidation, will support Suriname’s efforts to restore debt sustainability. The end-December 2022 quantitative performance criteria on the cumulative central government primary balance and net domestic assets were missed. Two continuous PCs and one standard continuous PC were also breached. Progress on implementing the structural agenda has moved ahead but with delays. The authorities are continuing to make progress with their structural reform agenda. Structural reforms to strengthen institutions, governance, and data quality remain key priorities with continued capacity building support by IMF and Suriname’s other development partners.
Keywords:
roadmap triage; staff appraisal; governance reform of bank; government FX sale; sales transaction; Exchange rates; Multiple currency practices; Arrears; Caribbean; Global
Cover IMF Working Papers
Labor Market Issues in the Caribbean: Scope to Mobilize Employment Growth
Ms. Magda E. Kandil
,
Mrs. Genevieve M Lindow
,
Mr. Mario Mansilla
,
Mr. Joel Chiedu Okwuokei
,
Jochen M. Schmittmann
,
Qiaoe Chen
,
Xin Li
,
Marika Santoro
, and
Solomon Stavis
The paper examines the determinants of employment growth, drawing on data available across a sample of Caribbean countries. To that end, the paper analyzes estimates of the employment-output elasticity and the response of employment growth to major sources of labor market determinants, in the long and short run. The main determinants of employment include government investment and private sector credit, while the major determinants of external performance are real effective exchange rate, the price of major exporting commodities, the number of tourists, and growth in major trading partners. The paper concludes with a menu of policy recommendations and structural reforms towards sustaining high employment growth and higher living standards in the Caribbean.
Keywords:
WP; employment growth; labor market; employment-output elasticity; business cycles; Caribbean; macro policies; structural reforms; private sector; elasticity estimate; government employment program; determination flexibility; job content; Employment; Labor markets; Unemployment rate; Unemployment; Labor force; Global
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: Selected Issues and Statistical Appendix
International Monetary Fund
This Selected Issues paper for Suriname describes the structure of the financial system, and provides a preliminary assessment of the conditions of the banking system. It highlights the need for a comprehensive public sector reform, targeting both the civil service and the public enterprises, and reviews the recent policy developments and financial sector reforms. It also provides the IMF's projections and estimates for Suriname on central government operations in percent of GDP; central government revenues, grants, and expenditure in billions of guilders and in percent of GDP; summary accounts of the banking system, and so on.
Keywords:
ISCR; CR; bank; central bank; exchange rate; small state bank; lending portfolio composition; market structure; spiral hypothesis; return on assets; financial situation; adverse selection; bank licensing; illiquid bank; portfolio composition of the banking system; inflation spiral dynamics; supervision department-central bank; screening criteria; Commercial banks; Civil service; State-owned banks; Bank supervision; Public employment; Caribbean
Cover IMF Staff Country Reports
Suriname: Recent Economic Developments
International Monetary Fund
This paper reviews economic developments in Suriname during 1994–96. In 1995, there was a major turnaround in Suriname’s economic and financial situation following the expansionary fiscal and monetary policies pursued in the first half of the 1990s and the political and economic disruptions of the 1980s. The marked improvement was owing to the restoration of financial discipline, a strengthening of international bauxite prices, and the unification and subsequent stabilization of the exchange rate. The inflation fell further to less than 1 percent in 1996.
Keywords:
ISCR; CR; government; Suriname; wage award; government study; rate; government of Suriname; government ministry; wage agreement; rate of inflation; Pensions; Commercial banks; Civil service; Pension spending; Tariffs; Caribbean