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International Monetary Fund. Western Hemisphere Dept.

negotiations with commercial bondholders and bilateral creditors are proceeding . Debt restructuring proposals have been shared with both bondholders’advisors and bilateral creditors’ negotiators. The two largest bilateral creditors gave their consent for the First Review, even as Suriname has stopped servicing their loans. Monetary and Financial Policies The Central Bank of Suriname is committed to achieve price stability through the implementation of the new reserve money targeting regime (RMT) . Since the introduction of the new RMT regime in June 2021, backed by

International Monetary Fund. Statistics Dept.

Summary of Mission Outcomes and Priority Recommendations 1. At the request of the Suriname authorities, a remote technical assistance (TA) mission took place during December 6–17, 2021 . The mission was conducted in coordination with the IMF’s Western Hemisphere Department. The main objective of the mission was to assist the Ministry of Finance and Planning (MFP) and the Central Bank of Suriname (CBS) to improve the quality of the Government Finance Statistics (GFS) in view of the IMF program. The main tasks were to (i) conduct a diagnostic assessment of

International Monetary Fund. Statistics Dept.
At the request of the Suriname authorities, a remote technical assistance (TA) mission took place during December 6–17, 2021. The mission was conducted in coordination with the IMF’s Western Hemisphere Department. The main objective of the mission was to assist the Ministry of Finance and Planning (MFP) and the Central Bank of Suriname (CBS) to improve the quality of the Government Finance Statistics (GFS) in view of the IMF program. The main tasks were to (i) conduct a diagnostic assessment of the current GFS and public debt compilation process,(ii) explain and reduce statistical discrepancies, (iii) analyze data on arrears and reassess their treatment in GFS, (iv) review the integration of stocks and flows of the gross debt; and (v) update the public sector institutional table, and (vi) deliver a workshop on GFSM 2014 framework and (PSDS).
International Monetary Fund

of dollarization, focusing on the loss of seigniorage or an independent monetary policy. Section D discusses the effects of dollarization on the development and vulnerabilities of the financial sector, and Section E concludes. Financial Dollarization, 1996-2003 (In percent) Source: Central Bank of Suriname. 1/ Foreign currency deposits in percent of total commercial bank deposits. 2/ Foreign currency loans in percent of total credit to the private sector by commercial banks. B. Overview of Dollarization in Suriname 2. Suriname has

International Monetary Fund. Statistics Dept.
A technical assistance (TA) mission on external sector statistics (ESS) was conducted in Paramaribo, Suriname, during March 2‒13, 2020. The mission was part of the Caribbean Regional Technical Assistance Centre (CARTAC) work program on ESS and was carried out in response to a request from the Central Bank of Suriname (CBvS). The mission reviewed estimates and coverage of the balance of payments and international investment position (IIP), which have been prepared in the sixth edition of the Balance of Payments and International Investment Position Manual (BPM6) format. In particular, the mission’s work mainly aimed at enhancing the coverage and the classification of (i) currency and deposits assets held abroad by the nonfinancial sector; (ii) insurance services, transport, travel account and trade credit and advances; (iii) offshore petroleum exploration companies; (iv) government external debt; and (iv) the use of business survey. Improvements in these key areas will facilitate a more robust assessment of external sector developments. Reliable ESS is essential for informed economic policy-making by the authorities and for IMF’s surveillance.
International Monetary Fund. Statistics Dept.

Summary of Mission Outcomes and Priority Recommendations 1. A technical assistance (TA) mission on external sector statistics (ESS) was conducted in Paramaribo, Suriname, during March 2–13, 2020. The mission was part of the Caribbean Regional Technical Assistance Centre (CARTAC) work program on ESS and was carried out in response to a request from the Central Bank of Suriname (CBvS). The mission reviewed estimates and coverage of the balance of payments and international investment position (IIP), which have been prepared in the sixth edition of the

International Monetary Fund

monetary policy. The Central Bank of Suriname is keen to develop indirect instruments of monetary policy. They have requested technical assistance from the Fund and from the central banks of Brazil and Colombia in several areas, including liquidity forecasting and the conduct of open market operations. The decision to devalue the currency by 20 percent against the U.S. dollar brought the official exchange rate in line with the parallel market. The authorities intend to monitor developments closely over the next year or so, while considering further reforms in the

International Monetary Fund
In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country.