“We have demonstrated that we can provide outcomes to the IMF by maintaining strong discipline and solid governance. We as a nation act with guts and leadership where other nations would not. After the third assessment of the Extended Fund Facility for Suriname was concluded by the IMF Governing Council, President Chan Santokhi made this statement.
According to the IMF, things are going in the right direction and the commitment of the Surinamese authorities to achieving macroeconomic stability and budgetary discipline within the framework of the program is noticeable. In a statement, the government says that there have been tough negotiations for more than a year and that a lot of work has been done to achieve the new objectives within the program.
The Executive Director of the IMF, Afonso Bevilaqua, is also said to have expressed his appreciation to Suriname. In a telephone conversation with Finance Minister Stanley Raghoebarsing, the IMF top official praised the courage and determination of both the government and people of Suriname in supporting the measures taken. According to Bevilaqua, the efforts have led to significant progress. He emphasized the importance of continuing these efforts to further strengthen the solid foundation that has now been laid.
With the approval of the third evaluation, Suriname can immediately claim approximately US$53 million, the majority of which is intended for budget support.
