IMF Reaches Staff-Level Agreement With Suriname on $53 Million Loan Disbursement
PARAMARIBO – The International Monetary Fund (IMF) has reached a staff-level agreement with Suriname, it said on Wednesday, on the third review of the country's loan program, allowing for a disbursement…
From the Equity Insider archive. This article dates from Aug 30, 2023 and is preserved as first published.
PARAMARIBO – The International Monetary Fund (IMF) has reached a staff-level agreement with Suriname, it said on Wednesday, on the third review of the country’s loan program, allowing for a disbursement worth around $53 million.
The disbursement will be made once approved by the board, the IMF said, adding this would bring total disbursements under the loan program to around $212 million.
Measures implemented by Suriname’s government – including fiscal discipline – are starting to bear fruit, IMF Suriname mission chief Anastasia Guscina said in a statement.
“Program performance during the third review was good, with most quantitative targets met,” Guscina said.
“Program performance during the third review was good, with most quantitative targets met,” Guscina said.
“The authorities are on track to achieve a primary central government surplus of 1.7 percent of GDP this year, in line with program commitments,” she added.
The IMF approved Suriname’s three-year loan program in December 2021.
