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Suriname: Recent Economic Developments
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 1995: Issue 015
Language:
English
Publication Date:
14 Mar 1995
DOI:
https://doi.org/10.5089/9781451835205.002
ISBN:
9781451835205
ISSN:
1934-7685
Pages:
82
Keywords:
ISCR; CR; company; bauxite company; customs duty; time deposit; taxable income; rate of inflation; estimated tax; sick pay; consumer goods; Standing facilities; Income; Exchange rates; Commercial banks; Global
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This report analyzes economic developments in Suriname during the 1990s. In 1990–92, real GDP recovered moderately, but inflation accelerated, reaching 58 percent in the 12 months ended December 1992, owing to a further weakening of financial policies. Interest rates became sharply negative in real terms, which initiated a gradual shift out of domestic financial assets. The external accounts remained weak, and the overall balance of payments showed deficits that were financed by a decline in international reserves and an accumulation of external payments arrears.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund