Suriname : Recent Economic Developments

This report analyzes economic developments in Suriname during the 1990s. In 1990–92, real GDP recovered moderately, but inflation accelerated, reaching 58 percent in the 12 months ended December 1992, owing to a further weakening of financial policies. Interest rates became sharply negative in real terms, which initiated a gradual shift out of domestic financial assets. The external accounts remained weak, and the overall balance of payments showed deficits that were financed by a decline in international reserves and an accumulation of external payments arrears.