The International Monetary Fund (IMF) board also authorized the second tranche of funding a few weeks after a SLA was struck with Suriname. This enables Suriname to withdraw $53 million in total. The majority of this sum is considered fiscal support.
“Surinamese authorities have made concerted attempts to stabilize the economy and resume their economic recovery program. This has been done mostly by reestablishing fiscal restraint and increasing social assistance programs to safeguard the poor. In addition to fiscal consolidation, they have made significant progress in the debt restructuring negotiations, which will help Suriname in its efforts to regain debt sustainability, according to a statement from the IMF. The Surinamese government continues to make progress with its structural reform agenda, the IMF said.