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Category: Finance/Banking

News

Fitch Upgrades Suriname's LT-FC IDR to 'CC'

Fitch Upgrades Suriname’s LT-FC IDR to ‘CC’

Fitch Ratings – New York – 16 Jul 2020: Fitch Ratings has upgraded Suriname’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘CC’ from ‘RD’. Fitch has also upgraded the issue rating on Suriname’s 2023 notes to ‘CC’ from ‘D’. KEY RATING DRIVERS The upgrades follow the completion of the “consent solicitation” to reschedule the principal…
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Margin Call – “Sell it all. Today.”

Margin Call – “Sell it all. Today.”

“Margin Call” is a very underappreciated movie IMO. The movie is starred by Stanley Tucci and Kevin Spacey. There are a lot of parallels between this movie and what happened last Friday with the unwinding of Archegos Capital Management’s positions by Goldman Sachs and others. No idea why I started thinking about it on Friday…
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Why Suriname’s Carbon Finance Program Could Change The World

Ken Silverstein Mr. October is on deck. Marciano Dasai, Suriname’s minister of spatial planning and environment, spoke at Climate Week in New York and is pitching 4.8 million carbon offsets to the real heavy hitters — the rich nations responsible for most of the globe’s CO2 emissions. It’s the World Series of carbon finance —…
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IMF Executive Board Suriname

IMF Executive Board Completes Third Review Under the Extended Fund Facility for Suriname

September 25, 2023 Washington, DC: The Executive Board of the International Monetary Fund (IMF) completed the third review under the Extended Fund Facility (EFF) arrangement for Suriname. The completion of the review allows the authorities to draw the equivalent of SDR 39.4 million (about US$52 million), bringing total purchase to SDR 118.2 (about US$156 million).…
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the Inter-American Development Bank-World Bank deal matters

Why the Inter-American Development Bank-World Bank deal matters, and what’s next

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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Henry Weingarten

The Astrologers Fund H2 2023 Markets UPDATE

Astrologers Fund 2023 Stock & Commodity Forecast Update by Henry Weingarten

Filling the Fintech Gap

Filling the FinTech Gap

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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AI Banking Suriname

The Transformation of the Banking and Finance Sector through AI in Suriname

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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Suriname & the IMF

Suriname & the IMF

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 Eternal Golden Braid

The Eternal Golden Braid

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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