Suriname: 2013 Article IV Consultation

International Monetary Fund

No 2013/340, IMF Staff Country Reports from International Monetary Fund

Abstract: This 2013 Article IV Consultation highlights that Suriname’s macroeconomic performance has strengthened markedly over the past decade. Since 2000, stronger policies and buoyant commodity prices, supported by political stability, have helped improve macroeconomic performance, enabling Suriname to enjoy several recent upgrades from major ratings agencies. With gold prices declining after a long upswing, the main challenges are to strengthen institutions and adjust policies to avoid the onset of a boom–bust cycle. Growth remains robust although inflation has declined considerably. In 2012 GDP grew an estimated 4.75 percent, similar to 2011 and among the highest in the region, supported by buoyant commodity prices, particularly gold.

Keywords: ISCR; CR; monetary policy; staff appraisal; bond issuance; state oil company; buoyant commodity price; term gold; Commodity prices; Gold; Mining sector; Credit; Global; Caribbean (search for similar items in EconPapers)
Pages: 58
Date: 2013-12-04
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