IMF Chief Kristalina Georgieva Reaffirms Support eyesonsuriname Amsterdam, 25 april 2025–International Monetary Fund (IMF) Managing Director Kristalina Georgieva has once again reiterated her strong support for Argentina’s ongoing economic reform efforts. This reaffirmation came after a meeting with Argentine Economy Minister Luis Caputo during the IMF and World Bank Spring Meetings held in Washington, D.C. Following…
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eyesonsuriname The Current Landscape Amsterdam, December 25th, 2024 – The Suriname Economic Oversight Board (SEOB) has recently recommended a follow-up program to the current International Monetary Fund (IMF) Extended Fund Facility (EFF) arrangement, which is set to conclude in 2025. This recommendation comes at a crucial time as Suriname continues to navigate its economic recovery…
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Possibly more financial peace in Paramaribo eyesonsuriname Amsterdam, October 12th 2024– “I’m pleased to announce that the Executive Board has reached a consensus on a reform of IMF charges and surcharges. This will lower borrowing costs for our members by 36 percent while preserving the IMF’s financial capacity to support countries in a challenging global…
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End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board. Based on the preliminary findings of this mission, staff will prepare a…
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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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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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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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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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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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