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Creditors have essential role in supporting Suriname, IMF chief says

Article content Suriname and the IMF in April reached a preliminary $690 million financing deal. Suriname’s Finance Minister Armand Achaibersing told the country’s parliament on Thursday that the country’s economy has strengthened considerably since the initial IMF deal. “This needs to be factored into the program, because the financing needs will be less stringent than they were when the Staff Level Agreement was reached in April,” Achaibersing said. Creditors say the 70% haircut proposed by Suriname does not take into account its capacity to pay nor the country’s own description of its “bright economic future.” They have also complained about not being sufficiently involved in the IMF financing arrangement. (Reporting by Rodrigo Campos in New York and Ank Kuipers in Paramaribo, writing by Brian Ellsworth; Editing by Sandra Maler and Richard Pullin)

Creditors have essential role in supporting Suriname - IMF s Georgieva

Article content NEW YORK IMF director Kristalina Georgieva said on Thursday she is “committed” to ensure that Suriname’s request for an arrangement with the Fund will be quickly presented to the board. Georgieva said in a statement financing assurances from the South American country’s creditors are “crucial” for the International Monetary Fund to provide financial support to Suriname. We apologize, but this video has failed to load. Try refreshing your browser, or Creditors have essential role in supporting Suriname - IMF s Georgieva Back to video “Official and private creditors also have an essential role to play in supporting Suriname’s efforts to put its economy on a better path, tackle its high debt burden, and restore debt sustainability,” Georgieva said in a statement.

Peru currency hits record low, bonds fall as new cabinet announced

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Peru currency hits record low, bonds fall as new cabinet announced

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