Suriname considering approach to IMF

In light of the sharp fall in commodity prices, Suriname is contemplating financial support from the International Monetary Fund (IMF), according to a statement from the IMF.

Daniel Leigh, the IMF’s mission Chief for Suriname, issued the following statement today:

“The Surinamese authorities have approached the Fund to discuss the possibility of IMF financial support for their economic reform program in response to the sharp fall in international commodity prices. Several important policies have already been implemented in the context of this program with a view to strengthening the level of international reserves and paving the way for the economy to achieve sustained growth and financial stability.

“Together with our sister organizations–the Caribbean Development Bank, the Inter-American Development Bank, and the World Bank-we stand ready to help Suriname meet the economic challenges it is currently facing.

“At the request of the authorities, an IMF team will visit Paramaribo in the next few weeks for discussions on Suriname’s reform program and financing needs.”