The International Monetary Fund (IMF) is hopeful that Suriname and China’s discussions would result in a debt agreement that is consistent with the terms provided to other government creditors. This was said by the WHD (Western Hemisphere) department head of the Fund.
“There has been a very productive dialogue … in recent weeks and for us it is very important that that agreement is built in similar terms,” Rodrigo Valdes told Reuters.
“This is very important for the next review … and the (IMF) board was very clear that they want to resolve this issue.”
Valdes said his understanding was that Suriname received a proposal from China and that a counter-proposal was in the works or had already been delivered, “so there is progress.”
The board late last month released the third review of the ongoing US$600 million IMF program for Suriname, granting the government’s request for a non-compliance waiver based on measures already taken.
Suriname reached a deal with private bondholders in May.
