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IMF Country Report No. 25/12
SURINAME
SELECTED ISSUES
January 2025
This Selected Issues paper on Suriname was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with the member country. It is based on the information available at the time it was completed on December 5, 2024.
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Title page
SURINAME
SELECTED ISSUES
December 5, 2024
Approved By
Western Hemisphere Department
Prepared by Francisco Cabezon and Atif Chaudry (both WHD), Urban Sila (FAD), Yesim Aydin (MCM), Jiajia Gu and Peter Wankuru (both SPR)
Contents
BOOSTING POTENTIAL GROWTH BY ADDRESSING GENDER GAPS IN SURINAME
A. Overall Progress in Reducing Gender Inequality
B. Educational Attainment
C. Labor Market Indicators
D. Promoting Higher Female Labor Force Participation
E. Legal Framework
FIGURES
1. Composite Indicators of Gender Inequality
2. Educational Outcomes by Gender
3. Gender Gaps in Labor Market Outcomes
4. Child Marriage and Adolescent Fertility
5. Infrastructure and Services
6. Legal Rights
References
FISCAL RULE CALIBRATION
A. Introduction
B. Context
C. Calibrated Fiscal Rules
D. Conclusion
FIGURES
1. The Minor Sector
2. Suriname Mineral Health
3. New Oil Production
4. The Mineral Sector and Volatility
5. Suriname's Fiscal Simulation Results—Bird-in-Hand and PIH-Based Scenario
6. Recommended Fiscal Rule
References
MONETARY POLICY FRAMEWORK: ASSESSMENT OF THE CURRENT REGIME AND NEXT STEPS
A. Monetary Policy Framework Before the EFF Arrangement
B. Reserve Money Targeting Framework Under the EFF-Supported Arrangement
C. Transitioning to the Interest-Based Monetary Framework
TABLE
1. OLS Regressions of Inflation on Lagged Explanatory Variables
FIGURE
1. Prerequisites for a Smooth Transition to a Price Based Monetary Framework
ANNEX
I. Monetary Policy Framework: Potential Capacity Development Needs
References