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Suriname: Technical Assistance Report; Financial Stability, Monetary Policy, and Central Bank Communication
Author:
International Monetary Fund. Western Hemisphere Dept.
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International Monetary Fund. Monetary and Capital Markets Department
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Series:
Technical Assistance Reports
Volume/Issue:
Volume 2025: Issue 033
Language:
English
Publication Date:
04 Apr 2025
DOI:
https://doi.org/10.5089/9798229007290.019
ISBN:
9798229007290
ISSN:
3005-4575
Pages:
31
Keywords:
monetary policy; financial stability; central bank communication; decision making frameworks; transparency and stakeholder engagement; Suriname.; monetary policy decision-making; IMF's Monetary; market expectation; deputy head; long-term objective; CARTAC mission; Financial sector stability; Monetary policy communication; Price stabilization; Open market operations; Inflation
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At the request of the Central Bank of Suriname (CBvS), this technical assistance (TA) mission assessed and provided recommendations to enhance the transparency, consistency, and stakeholder engagement of monetary policy and financial stability communication. Strengthening communication in these areas is critical to reinforcing the CBvS’s credibility, aligning its practices with international standards, and supporting its mandate for price and financial stability. The mission recommended institutionalizing structured decision-making by implementing fixed schedules for Monetary Policy Advisory Committee (MPAC) and Financial Stability Advisory Committee (FSAC) meetings, followed by policy-setting Executive Board sessions. These efforts should be supported by the introduction of forward-looking publications, including a Monetary Policy Report (MPR) and an enhanced Financial Stability Report (FSR), ensuring more structured and transparent communication. To further strengthen engagement, the report emphasizes the importance of proactive outreach and capacity-building programs to improve public understanding, foster market confidence, and reinforce CBvS’s credibility. Implementing these measures will enhance transparency, facilitate clearer communication of policy decisions, and help regain public trust in the CBvS’s commitment to monetary and financial stability.
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Cover Technical Assistance Reports
Technical Assistance Reports
ISSN:
3005-4575
Publisher:
International Monetary Fund