Suriname: 2003 Article IV Consultation-Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Suriname
Volume/Issue:
Volume 2003
Issue 356
Publication date: November 2003
ISBN: 9781451835243
$20.00
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Topics covered in this book
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Business and Economics , Banks and Banking , Labor , Economics- Macroeconomics , Public Finance , ISCR , CR , authority , Surinamese authorities , market , firm , government , CARICOM single market , central bank financing , authorities' resolve , bauxite company , financing flow , Public sector , Exchange rates , Commercial banks , Global
Summary
Suriname's mining-based economy has suffered from poor macroeconomic management. Executive Directors commended the authorities' efforts to stabilize the economic, fiscal, and monetary policies stances, and emphasized the need to accelerate structural reforms. They stressed the need for fiscal consolidation, exchange rate unification, economic diversification, and improvements in governance and tax administration. They welcomed the authorities' decision to subscribe to the General Data Dissemination System, and encouraged them to continue to take full advantage of the technical assistance being provided by the IMF and the Inter-American Development Bank.
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