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LatinNews Daily - 31 July 2024

In brief: IMF releases new funds for Suriname

*The International Monetary Fund (IMF)’s executive board has completed the sixth review under the Extended Fund Facility (EFF) for Suriname. The completion of the review allows the authorities to draw the equivalent of US$61.5m, bringing total programme disbursement to US$382.6m. The IMF notes that Suriname is “implementing an ambitious economic reform agenda aimed at restoring fiscal and debt sustainability through fiscal consolidation and debt restructuring, protecting the vulnerable by expanding social protection, upgrading the monetary and exchange rate policy framework, addressing banking sector vulnerabilities, and advancing the anti-corruption and governance agenda.” According to the IMF, these policies are supported by the EFF arrangement, which was approved by the executive board in December 2021.

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