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Central Banking Defaulting country holds debt talks as inflation and corruption take toll The Central Bank of Suriname floated the country’s currency on June 7. The International Monetary Fund required the country to deregulate its exchange rate in return for a three-year, $690 million loan. The agreement – struck at the staff level on April 29 – comes as Suriname has repeatedly defaulted on its heavy debt load, which exceeds 150% of GDP. The country’s new administration, elected last year, is also prosecuting two former central bank governors, alleged examples of a larger problem of systemic corruption. As part of the loan agreement, Suriname pledged “to realign the official exchange so as to eliminate the current parallel market premium”. The country also committed to an anti-inflationary monetary policy.

International monetary fundCentral bankInternational monetary fund imfCentral bank of surinameMonetary policyFinancial crimeExchange rateFiscal policyCorruption allegationsசர்வதேச பண நிதிமைய வங்கிசர்வதேச பண நிதி இஂஃப்க்ஷ்சங்கே ரேட்