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Tag: IMF

Hope for Suriname

IMF Visits Suriname

Satisfaction for whom ? eyesonsuriname Washington DC/ Paramaribo/Amsterdam, May 14th 2022–As part of the second review of the agreed Extended Fund Facility (EFF) program between Suriname and the International Monetary Fund (IMF), a mission of this multilateral organization led by Mr. Ding Ding, visited Suriname from 9 to 13 May 2022.  During this mission, discussions…
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Suriname Oil Boom

Suriname and its Oil Boom

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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Suriname's economic recovery

Suriname on its way to recovery

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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Armand Achaibersing and Albert Ramdin

Suriname to offer creditors oil-linked bonds

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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