Suriname: 2008 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion for Suriname; and Statement by the Executive Director for Suriname

August 26, 2008

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Suriname: 2008 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion for Suriname; and Statement by the Executive Director for Suriname, (USA: International Monetary Fund, 2008) accessed November 26, 2024

Summary

The key findings of Suriname’s 2008 Article IV Consultation show that a narrow economic base, terms-of-trade swings, and a weak policy/institutional framework have in the past led to macroeconomic instability. Weak policy and institutional frameworks have contributed to higher economic volatility and lower growth than in other commodity-exporting countries. These have undermined the credibility of policies and contributed to high financial dollarization, with over half of deposits denominated in foreign currency. Aided by high commodity prices and improved confidence, GDP growth is estimated at 5½ percent, with strong performance in both the mineral and nonmineral sectors.

Subject: Balance of payments, Credit, Current account, Economic sectors, External debt, Inflation, Prices, Public debt, Public sector

Keywords: CR, Current account, Debt, GDP number, GDP ratio, Global, IDB financing, Inflation, ISCR, Price shock, Public sector, Surinamese authorities, Terms of trade

Publication Details

Pages:

48
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2008/293
Stock No:

1SUREA2008001
ISBN:

9781451835328
ISSN:

1934-7685

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