Talks between Suriname and the International Monetary Fund (IMF) are progressing, says Minister Armand Achaibersing of Finance and Planning. According to the minister, the country is about to sign the Staff Level Agreement with the fund. After the IMF has approved the Surinamese program, the Recovery Plan, Suriname will receive balance of payments support.

The Central Bank of Suriname (CBvS) will thus have better coverage for the international reserves (currency). The average citizen will notice this in the much-needed rest in the currency market. This support is subject to strict conditions, which must guarantee that Suriname will be able to repay the loan from the IMF. In addition to IMF support, Suriname will turn to the Inter-American Development Bank (IDB) and World Bank for budget support.

Minister Achaibersing will travel to the United States of America tomorrow, where he will hold talks with official bodies such as the IMF, the IDB and the World Bank. He will also hold discussions with government agencies and potential investors for the oil sector.

The CEO of Finance and Planning will meet with Minister David Abiamofo of Natural Resources, colleague Albert Ramdin of Foreign Affairs, International Business and International Cooperation (BIBIS), who left earlier. Karel Eckhorst and Anand Jagessar, respectively the chief negotiator with the IMF and the acting CEO of Staatsolie, will accompany them.

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