European Parliament Library

Suriname :, Staff Report for the 2012 Article IV Consultation

Abstract
The economy continues to recover at a steady pace, buoyed by strong activity in the oil and gold sectors, as well as public investment. In the wake of the January 2011 devaluation and concurrent increase in taxes, the fiscal balance shifted from a deficit of 3 percent of GDP in 2010 to a surplus of 1 percent in 2011. The balance of payment also strengthened significantly, boosting reserves to nearly US$1 billion (5¼ months of imports) at end-2011. With still-tight monetary conditions, 12-month inflation dropped to 3.6 percent in May 2012, from a peak of over 22 percent in April 2011
Table Of Contents
Cover; CONTENTS; RECENT DEVELOPMENTS; BOXES; 1. Rebasing the National Accounts; 2. Suriname's Oil Trade Balance; OUTLOOK AND RISKS; POLICY DISCUSSIONS; A. Fiscal policies; B. Monetary and exchange rate policies; C. Financial sector policies; D. Structural issues; 3. Subsidies and Arrears in the Public Sector; STAFF APPRAISAL; FIGURES; 1. Macroeconomic Developments; 2. Fiscal Indicators; 3. External Indicators; TABLES; 1. Selected Economic and Social Indicators; 2. Central Government Operations; 3. Balance of Payments; 4. Summary Accounts of the Banking System
Language
eng
Literary Form
non fiction
Note
"October 2012."
Physical Description
1 online resource (56 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9781475512236

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