Perhaps London as an example for the Rest Including Suriname OIliver Bullough / The Guardian Amsterdam, 2 maart 2022 — This means that there is not a single sewer pumping dirty Russian cash into the UK to which we can attach a meter, so as to measure its output. Instead, the cash is diluted into the great tidal flows…
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Follow the Money Is Paramaribo following the lead of London ? Part II Oliver Bullough / The Guardian Amsterdam, 1 maart 2022–It is a vast question, worthy of a book in itself, and one that even the National Crime Agency would struggle to answer, let alone me. Then came her second question: “What assets has…
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Now Fighting back, Suriname too could learn by Oliver Bullough/ the Guardian Amsterdam Feb 28 2022– When journalists and academics pointed out that these murky fortunes could buy influence over our democracy and undermine the rule of law, they were largely dismissed as inconvenient, warning MPs to beware Russians bearing gifts. But not even too long ago, after the…
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Reform without unrest Part V Global Capital GC: What are the key reforms that this government has undertaken and how will they affect creditworthiness? Minister Achaibersing: We are not just fixing the roof. Given what we inherited, we are called upon to build new foundations. Under President Santokhi, our government has taken immediate steps to put…
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Proliferation on Web3 Up to 2 trillion u.s. dollars laundered per year eyesonsuriname Amsterdam, February 21st 2022– Cryptocurrencies such as bitcoin have continued to rise in profile, including as a method to pay for goods and services in the mooted next generation of the internet, web3. But as more money pours into the so-far loosely regulated…
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The first steps. by Anthony Caram Amsterdam, February 21st 2022– Deep changes are needed, because we are confronted with obstacles and bottlenecks in every area. Therefore, the emphasis should gradually be placed on sustainable production and export growth, controlled consumption at more realistic prices, as well as more balanced budgetary and monetary relations. Prosperity growth…
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Restructuring before oil FID Part IV Amsterdam, February 18th 2022 — GC: Indeed, the projections in the IMF programme do not consider recent major offshore oil discoveries, citing the absence of clear private sector investment plans to extract these resources. How close is a final investment decision (FID) from Total and Apache on their Suriname discoveries?…
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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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