Suriname : Request for Stand-By Arrangement-Press Release; Staff Report; and Statement by the Executive Director for Suriname.

Format:

Book

Government document

Author/Creator:

International Monetary Fund. Western Hemisphere Dept.

Series:

IMF Staff Country Reports; Country Report ; No. 2016/141

IMF Staff Country Reports

Language:

English

Subjects (All):

Fiscal policy--Suriname.

Fiscal policy.

Suriname--Economic policy.

Suriname.

Physical Description:

1 online resource (115 pages) : illustrations, tables.

Place of Publication:

Washington, D.C. : International Monetary Fund, 2016.

Summary:

This paper mainly discusses the IMF-supported program aimed at restoring macroeconomic stability and confidence in Suriname’s economy. The proposed 24-month Stand-By Arrangement (265 percent of quota, or SDR 342 million) aims to support Suriname’s adjustment to the fall in commodity export prices and restore external and fiscal sustainability. It foresees an improvement of the fiscal balance by 7.4 percent of GDP, which would reverse the rise in the government debt-to-GDP ratio; restore foreign reserves to adequate levels—four months of imports; and reflect a monetary policy stance calibrated to reduce inflation to single digits. It also strengthens the foundations for private-sector growth.

Notes:

Description based on online resource; title from PDF title page (ebrary, viewed July 11, 2016).

ISBN:

9781484377178

1484377176

9781484377505

1484377508