In a matter of a few months after the French oil company, TOTAL positive news about the company’s intention to undertake ‘near-term’ development studies for “a large oil project offshore the country”, which the company says is scheduled to commence before year end, the International Monetary Fund (IMF) has ‘chimed in’ with more encouraging news about the state of the South American country’s still fragile but seemingly improving economy. The Stabroek Business has seen a copy of a Monday December 4 media release issued by an International Monetary Fund (IMF) Staff Team that visited Paramaribo recently and which has declared that “fiscal discipline and tight monetary policy are bearing fruit in restoring macroeconomic stability. The economy is growing, inflation is coming down, and investor confidence is returning.”
