Hidden Bibliographic Details
| Other authors / contributors: | International Monetary Fund, Issuing body.
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| ISBN: | 1283552825
9781283552820
9781451992106
1451992106
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| Notes: | Cover title.
"Under Article IV of the IMF's Articles of Agreement, the IMF holds bilateral discussions with members, usually every year"--Cover.
"August 2008."
Print version record.
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| Summary: | 1. Suriname's narrow economic base makes it prone to macroeconomic volatility. Three commodities (alumina, gold and oil) account for 80 percent of export receipts and 50 percent of GDP, and generate one-fourth of central government revenues. The prices of these products have exhibited large swings, and during the 1990s sharp downturns led to sizable fiscal deficits, external arrears, central bank budget financing and episodes of near-hyperinflation. Weak policy and institutional frameworks have contributed to higher economic volatility and lower growth than in other commodity-exporting countries (Figure 1). These have undermined the credibility of policies and contributed to high financial dollarization, with over half of deposits denominated in foreign currency.
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| Other form: | Print version: Suriname. Washington, D.C. : International Monetary Fund, 2008
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