IMF Staff Country Reports

Suriname: 2003 Article IV Consultation-Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Suriname

Publication Date:

November 19, 2003

Electronic Access:

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Summary:

Suriname's mining-based economy has suffered from poor macroeconomic management. Executive Directors commended the authorities' efforts to stabilize the economic, fiscal, and monetary policies stances, and emphasized the need to accelerate structural reforms. They stressed the need for fiscal consolidation, exchange rate unification, economic diversification, and improvements in governance and tax administration. They welcomed the authorities' decision to subscribe to the General Data Dissemination System, and encouraged them to continue to take full advantage of the technical assistance being provided by the IMF and the Inter-American Development Bank.

Series:

Country Report No. 2003/356

Subject:

Banking Commercial banks Economic sectors Exchange rates Financial institutions Foreign exchange Public debt Public sector