PARAMARIBO, Suriname, CMC – The Central Bank of Suriname (CBvS) says a team from the International Monetary Fund (IMF) is on a visit to the Dutch-speaking Caribbean Community (CARICOM) as part of an Article IV mission
This article of the IMF’s Articles of Agreement governs the Fund’s oversight of the economic and financial policies of its member states, and the mission that ends its stay here on Friday is being led by the new mission chief for Suriname, Alberto Behar.
“Now that Suriname has completed its IMF programme (in March 2025), the regular 12-month Article IV missions will resume. However, an interim mission will continue annually as part of the post-IMF programme, during which, among other things, the consistency of our country’s macroeconomic framework will be assessed over the medium term,” the CBvS said in a statement.
It said that the consultations with the CBvS concern both policy and operational matters and cover a wide range of topics, “particularly monetary and exchange rate policy and related operations, including open market operations and foreign exchange interventions”.
In August, the Suriname government said it would not enter into a new agreement with the IMF similar to the one that the Santokhi government had successfully implemented.
“We will not implement an IMF programme like we had,” President Jenny Geerlings-Simons said, adding, “but we will certainly remain on speaking terms to help us with our financial affairs, to provide advice on this, and to help strengthen institutions.”
In 2021, the IMF executive board approved Suriname’s US$572 million Extended Fund Facility (EFF) arrangement, with the country pursuing an ambitious economic reform agenda to restore macroeconomic stability and debt sustainability, while laying the foundations for strong, more inclusive growth.
The programme, which ended earlier this year, focused on restoring fiscal and debt sustainability, protecting the poor and vulnerable, upgrading the monetary and exchange rate policy framework, addressing banking sector vulnerabilities, and advancing the anti-corruption and governance reform agenda.
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