Suriname : 2008 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion for Suriname; and Statement by the Executive Director for Suriname

1SUREA2008001 Image
Price:  $18.00

Release Date: © August, 2008
ISBN : 978-1-45183-532-8
Stock #: 1SUREA2008001
English
Stock Status: On back-order

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Description

The key findings of Suriname’s 2008 Article IV Consultation show that a narrow economic base, terms-of-trade swings, and a weak policy/institutional framework have in the past led to macroeconomic instability. Weak policy and institutional frameworks have contributed to higher economic volatility and lower growth than in other commodity-exporting countries. These have undermined the credibility of policies and contributed to high financial dollarization, with over half of deposits denominated in foreign currency. Aided by high commodity prices and improved confidence, GDP growth is estimated at 5½ percent, with strong performance in both the mineral and nonmineral sectors.

Taxonomy

Economic policy , Exchange rate policy , Fiscal policy , Foreign exchange , Inflation , Monetary policy




More publications in this series: IMF Staff Country Reports