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Suriname: Financial Stability, Monetary Policy, and Central Bank Communication
Author:
Petr Jakubik
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Marek Petrus
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Series:
High-Level Summary Technical Assistance Reports
Volume/Issue:
Volume 2025: Issue 010
Language:
English
Publication Date:
04 Apr 2025
DOI:
https://doi.org/10.5089/9798229006859.029
ISBN:
9798229006859
ISSN:
2959-4103
Pages:
3
Keywords:
monetary policy; financial stability; central bank communication; decision making frameworks; transparency; stakeholder engagement; FSAC meeting; CBvS's communication; decision-making framework; Financial sector stability
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The technical assistance mission evaluated the Central Bank of Suriname’s (CBvS) communication on monetary policy and financial stability to enhance transparency, consistency, and stakeholder engagement. Recommendations include institutionalizing structured decision-making with 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 forward-looking publications, such as the Monetary Policy Report (MPR) and Financial Stability Report (FSR). Enhanced communication strategies, including proactive outreach and capacity-building programs, aim to align CBvS practices with international standards, strengthen credibility, regain public trust, and support its mandate for price and financial stability.
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Cover High-Level Summary Technical Assistance Reports
High-Level Summary Technical Assistance Reports
ISSN:
2957-658X
Publisher:
International Monetary Fund