To be or not to Be By Heike Meinhardt Amsterdam, February 18th 2022– Given that the IMF, IDB and World Bank are supposed to help Suriname resolve its debt crisis, pushing over $1 billion in new debt worsens the problem. Upholding policies for big oil profits is reckless for Suriname’s finances and devastating for the climate.…
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Possible need for bondholders Part III Global Capital Amsterdam, February 17th 2022– GC: Can you be more specific about the forthcoming proposal to bondholders and other external commercial creditors? Minister Achaibersing: It will contain two components. Firstly, the fixed income part will reflect a reduction of outstanding debt — including accrued interest and arrears — that is…
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Value recovery instruments proposed Part II Global Capital Amsterdam, February 16th 2022– GlobalCapital: Last year, there was a public dispute with bondholders. How are your negotiations going with the bondholder committee today? Finance Minister Armand Achaibersing: Debt restructuring negotiations typically take place amid great uncertainty, and disagreements surrounding the debtor country’s economic prospects are common. But…
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ESG opportunity in restructuring Part I globalcapital / eyesonsuriname Amsterdam, February 15th 2022== Suriname’s debt workout has the ingredients to be a fascinating case study for sovereign restructuring. GlobalCapital spoke exclusively to the two ministers leading creditor negotiations, Armand Achaibersing (l) and Albert Ramdin (r). Suriname is only just pulling out of a deep recession,…
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China, Russia and Hungary eyesonsuriname.com Amsterdam, February 14th 2022– Days after visiting Suriname and Beijing, Brazilian President Jair Bolsonaro is scheduled to arrive in Russia on Tuesday for an official visit, which has been described at a highly awkward diplomatic timing, given the stand-off in Ukraine between Moscow and the Western alliance. Perhaps the Surinamese secret…
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Strategic Thinking eyesonsuriname/Anton JieSamFoek Amsterdam, 14 february 2022– The European Commission and the High Representative for Foreign Affairs and Security Policy launched the Global Gateway a few weeks ago. The new European Strategy to boost smart, clean and secure links in digital, energy and transport and strengthen health, education and research systems across the world…
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eyesonsuriname.com Amsterdam, February 8, 2022– Since I received one of the most beautiful assignments of my lavish and excessively rich entrepreneurial and journalistic career from the then-Governor of the CBvS, Gilmore Hoefdraad in August 2013, I have been visiting Estonia on a very regular basis. I feel at home there, especially because I can satisfy…
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A metaphor really H. Timmerman, Risk and Compliance Platform Europe Amsterdam, February 8, 2022– A flower is rooted in the earth through its stem. In its life, the flower grows on sturdy green stems or stems that have partly become wood. Underneath grows a root system, large enough to provide the plant with sufficient water…
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Together in the Oil and Gas Business eyesonsuriname Amsterdam, Jan 31st 2022– Brazil is betting strongly to become the main player in the development of oil and gas production in its northeast corner, where the state of Amapá shares proximity with French Guiana, Suriname, and Guyana, these two of which are set to become significant…
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Beating the Odds Viva Sranang Anton JieSamFoek / Max Westerman Amsterdam/ Rio de Janeiro, January 28th 2022— Listening to this team of Dutch game designers about their work in one of Rio de Janeiro’s favelas, is an absolute delight and pleasure. It also makes your day or whatever time you listen to their stories. They have been teaching…
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