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Suriname: Supervision of state-owned companies is being tightened

The picture within the various state companies is very gloomy. This is the report that President Chan Santokhi received yesterday during the consultation with chairman of the supervisory board of various companies. During the meeting, the first report was made of the situation encountered. Most companies are in serious financial trouble and are making a loss.

State-owned companies are stuck with high loans and strangulation contracts. In a number of cases there has been corruption. The general picture is that companies have been eroding in recent years. The president indicated that solutions will be worked on.

If necessary, the Public Prosecution Service will be engaged. A scan will take place next week to identify the problems. After that there will be a general screening of all state-owned companies. The Inter-American Development Bank (IDB) has already pledged technical assistance.

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