IMF: “Suriname’s macroeconomic conditions weakened in 2013”

IMF

According to the Executive Board of the International Monetary Fund (IMF) which recently concluded the Article IV consultation1 with Suriname. Suriname’s macroeconomic conditions weakened in 2013 as gold and oil prices declined. With those prices falling below recent peaks, the large fiscal and external sector exposures to the mineral sector continued their deterioration in 2013, along with a significant decline in international reserves. Thus, the main challenges the authorities are addressing continue to be to strengthen institutions and adjust policies to reverse the recent deterioration and strengthen external stability…[+]