PARAMARIBO: Financial breakthrough Coming

PARAMARIBO: Financially, we expect a breakthrough in early 2021, ”announced President Chan Santokhi. “There will be points of light in the month of February.” Santokhi explained at a government press conference that the financial prospects for 2021 look good. The nine-month “urgency phase” is on track. The “stabilization phase” starts in April. In February, the first “financial injections” should be a fact with which to manage the crisis and start various projects.

Suriname has a debt of US $ 4 billion at home and abroad. The country has hardly any income. The income from Newmont, Iamgold and Staatsolie has been pledged by the previous government as collateral for loans. Talks are held with the creditors to pay off the debts in a different way. At the same time, they are looking for cheap capital, loans with a low interest rate, in order to make investments. Ways are also sought to buy off the largest debts in one go.

“I’m mentioning February but it has nothing to do with enthusiasm or creating hope, I’m just looking at the timeline we’ve set,” notes Santokhi. He emphasizes that the recovery program is on track. In the ‘urgency phase’, the most pressing issues, such as realigning the government’s financial household, rescheduling the massive debt, boosting the country’s image, restarting or deepening foreign relations, strengthen the institutions and control. of the exchange rates. This phase will end in March. Then the stabilization phase will begin, in which, among other things, our own production will be stimulated and the price will be made even more stable.