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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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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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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For a safer, more reliable country eyesonsuriname Amsterdam, March 9, 2023– Suriname has signed a letter of intent with the American research and risk consultancy firm, Kroll Risk and Financial Advisory Solutions. The country is represented by the ministers of Justice and Police and Finance and Planning.The agency will assist Suriname in closing gaps so…
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eyesonsuriname/s.coutinho Amsterdam, Feb 20th 2023–To our beloved Suriname: IMF has never ever brought solace anywhere, but we often think that “we” cannot do it. See result IMF Friday: looting just like Lebanon. Rate of 7.3 – 35 and inflation of 54%! And the pain will keep coming. Solution model Phase 1: (1-4 months) Alternative capital: find…
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What does that mean for the digital economy? eyesonsuriname Amsterdam, 21 January 2023 — Many cryptocurrency adopters have long known that digital, decentralized finance (DeFi) is going to be significant to the future of money. The rest of the world appears to be catching up. Even legacy institutions have begun offering investors access to crypto…
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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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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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