Friday, April 15, 2016

Suriname concludes agreement with IMF emergency loan – NU.nl

The Surinamese economy is under severe pressure due to the massive fall in prices including oil and gold. As a result, eroded the financial position of the country and the economy is in recession.

According to the IMF operates the Surinamese government on an ambitious reform program. As it firmly put the knife in public spending and is monetary and exchange rate policy to be changed.

The most vulnerable groups of the population according to the IMF spared with special measures. Suriname already knew firmly to reduce its deficit last year and wants its finances continue to improve this year, including through the introduction of VAT.

The aid, in the form of a two-year credit line has yet to be definitively approved by the Board of the IMF

by:. ANP

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