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Suriname: 2011 Article IV Consultation-Staff Report, Informational Annex, Public Information Notice on the Executive Board Discussion and Statement by the Executive Director for Suriname
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2011: Issue 256
Language:
English
Publication Date:
18 Aug 2011
DOI:
https://doi.org/10.5089/9781462318360.002
ISBN:
9781462318360
ISSN:
1934-7685
Pages:
54
Keywords:
ISCR; CR; consultation informational annex; consultation; Surinamese authorities; government; authority; credit growth; awareness of the need; dollarization ratio; Commercial banks; Credit; Gold; South America
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In this paper, the economic growth of Suriname is discussed. The fiscal deficit shifted from 2.2 percent to 3.3 percent of GDP during 2009–10. In 2010, CLICO-Suriname was acquired by a local insurance company. The need to rein in current expenditure and avoid development of wage–price inflation and strengthen the social support programs are stressed by the authorities. The introduction of VAT and other systems are discussed. Finally, improvement over the business environment to facilitate the development of the private sector and global economy was encouraged.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund