Suriname: Request for an Extended Arrangement under the Extended Fund Facility-Press Release; Staff Report; Staff Statement; and Statement by the Executive Director for Suriname
Electronic Access:
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Summary:
Suriname faces systemic fiscal and external imbalances as a result of many years of economic mismanagement. Usable foreign reserves were depleted and, in the absence of other sources of budget financing, fiscal deficits were monetized. Inflation has, as a result, surged and there has been a significant depreciation of the exchange rate. Public debt, at 148 percent of GDP at end-2020, is unsustainable. In addition, there are important solvency problems embedded in the domestic banking system.
Series:
Country Report No. 2021/280
Subject:
Arrears Exchange rates External debt Foreign exchange International organization Monetary base Monetary policy Money Public debt
Frequency:
regular
English
Publication Date:
December 23, 2021
ISBN/ISSN:
9781616359799/1934-7685
Stock No:
1SUREA2021001
Pages:
111
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