Suriname : Request for Stand-By Arrangement-Press Release; Staff Report; and Statement by the Executive Director for Suriname

Foreign reserves have fallen perilously low, reflecting the drop in commodity export prices, the closure of alumina production, fiscal and external current account deficits, and central bank intervention. The authorities began adjusting to the shock in the second half of 2015 with fiscal consolidation and, in November, a 21 percent devaluation. They floated the currency in March 2016, which has resulted in a further depreciation of about 60 percent. The authorities have requested a Stand-By Arrangement (SBA) with the Fund to smooth the ongoing adjustment, restore confidence, and pave the way to economic recovery.
Publication date: June 2016
ISBN: 9781484377031
$18.00
Add to Cart by clicking price of the language and format you'd like to purchase
Available Languages and Formats
English
Prices in red indicate formats that are not yet available but are forthcoming.
Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Money and Monetary Policy , Money and Monetary Policy , reserves , central bank , monetary fund , debt , revenue

Summary