IMF Staff Country Reports

Suriname: Recent Economic Developments

Publication Date:

March 14, 1995

Summary:

This report analyzes economic developments in Suriname during the 1990s. In 1990–92, real GDP recovered moderately, but inflation accelerated, reaching 58 percent in the 12 months ended December 1992, owing to a further weakening of financial policies. Interest rates became sharply negative in real terms, which initiated a gradual shift out of domestic financial assets. The external accounts remained weak, and the overall balance of payments showed deficits that were financed by a decline in international reserves and an accumulation of external payments arrears.

Series:

Country Report No. 1995/015

Subject:

Banking Commercial banks Exchange rates Financial institutions Foreign exchange Income Monetary policy National accounts Revenue administration Standing facilities

Notes:

This report on recent economic developments in Suriname was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with this member country. In releasing this document for public use, confidential material may have been removed at the request of the member.