The International Monetary Fund approved on Wednesday a three-year, $688 million program for Suriname, with some $55 million enabled for immediate disbursing.
“The program aims to rebuild Suriname’s foreign reserves, IMF Managing Director Kristalina Georgieva said in a statement. “The authorities’ decision to move to a market-determined exchange rate will strengthen the economy’s resilience to external shocks. This step, together with the program’s catalytic effect on external financing, will address external imbalances and contribute to increasing foreign reserves to prudent levels.”
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IMF board approves 3-year, $688 mln program for Suriname | Financial Post
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