By Jason Marczak and Pepe Zhang Insanity, the saying goes, is doing the same thing over and over and expecting a different result. With Latin America and the Caribbean (LAC) currently projected to grow at just 1.9 percent this year and 2.2 percent next year, the lowest of any developing regions except war-battered Emerging and…
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Suriname could catch up. eyesonsuriname Amsterdam, 18 May 2023 –In the Suriname banking sector, the adoption of fintech solutions could and should be gaining much more attention and momentum. Fintech short for financial technology, solutions offer various, numerous and monetary intersting benefits to banks in terms of efficiency, customer experience and innovation. However bankers in…
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An essay for the Benefit of Bankers eyesonsuriname Amsterdam, 18 mei 2023–The rapid advancements in artificial intelligence (AI) have revolutionized various industries, and one sector that has witnessed significant transformation is banking and finance. AI technologies, such as machine learning, natural language processing, and predictive analytics, have enabled financial institutions to enhance operational efficiency, improve…
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eyesonsuriname The IMF staff team and Surinamese authorities reached a staff-level agreement on the second review of the authorities’ economic recovery program supported by the Extended Fund Facility (EFF). The review is subject to approval by the IMF’s Executive Board.. Suriname’s economy continues its slow post-pandemic recovery, but the shock of higher commodity and food…
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The gold connection between West-Africa and Suriname The Cultural Origin of African Surinamers by Ba Kwasi (Christopher Healy) 6 June 2022 (09:45) The gable of the Iamgold Office in Paramaribo, Suriname is adorned with a profile portrait of Mansa Musa (1312-1337), the ninth Mansa (king) of the Mali Empire (6th to 13th century).…
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One Question eyesonsuriname 1️⃣ How does a bank ‘work’? A bank is split into banking assets that is what a bank owns vs liabilities or what a bank owes. A bank’s assets, like the US$23 trillion in the US): They help the bank generate income and a ‘healthy’ portfolio includes a mix of loans plus…
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Cautious recovery start eyesonsuriname Amsterdam, May 4, 2023– After protracted negotiations since 2020, the government has reached an agreement in principle with the Eurobond Creditor Committee on the restructuring of the Oppenheimer debts. These debts weigh heavily on the budget and limit the financial scope to implement policy for the population. The restructuring of the…
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Gold Provisional Measure eyesonsuriname Amsterdam, 26 april 2023– According to reports from Brazilian media, Brasilia has concluded the Gold Provisional Measure (MP) which eliminates the concept of good faith and mandates the use of electronic invoices for the purchase, sale, and transportation of gold within the country. The Justice Minister, Flávio Dino, has already signed the…
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Crisis SVB changes interest policies Central Banks eyesonsuriname Amsterdam, 12 March 2023– In early March, 40 chief financial officers from various technology groups gathered in Utah at the ski resort of Deer Valley for an annual “snow summit” hosted by Silicon Valley Bank, a crucial financial institution for start-ups. Barely a week later, on Thursday…
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