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Macroeconomic Emergency Program to Protect Economic and Social Development
The general objective of the program is to support the Government's efforts to restore macroeconomic and fiscal sustainability. The specific objectives of the program are to: (i) ensure fiscal adjustment to restore fiscal sustainability; (ii) protect the Central Bank of Suriname's financial autonomy and strengthen the exchange rate and monetary policy frameworks; (iii) enhance the monitoring of the largest banks and potential recapitalization needs; and (iv) reduce vulnerabilities to corruption and promote investment and growth.

Project Detail

Country

Suriname

Project Number

SU-L1064

Approval Date

March 9, 2022

Project Status

Closed

Project Type

Loan Operation

Sector

REFORM / MODERNIZATION OF THE STATE

Subsector

FISCAL POLICY FOR SUSTAINABILITY AND GROWTH

Lending Instrument

Financiamiento Especial para el Desarrollo

Lending Instrument Code

SDL

Modality

SDL_S (Single Tranche SDL)

Facility Type

-

Environmental Classification

Uncategorized Directive B.13

Total Cost

USD 50,000,000.00

Country Counterpart Financing

USD 0.00

Original Amount Approved

USD 50,000,000.00

Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
5500/OC-SU Sovereign Guaranteed USD - United States Dollar Ordinary Capital Emergency Financing
Operation Number 5500/OC-SU
  • Lending Type: Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Ordinary Capital
  • Financial Instrument: Emergency Financing

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Implementation Phase
https://www.iadb.org/document.cfm?id=EZSHARE-2056220512-8897
Loan Contract
Contract - Macroeconomic Emergency Program to Protect Economic and Social Development.pdf
Apr. 28, 2022
English
https://www.iadb.org/document.cfm?id=EZSHARE-965128629-49414
Loan Contract
Programa Macroeconómico de Emergencia para Proteger el Desarrollo Económico y Social.pdf
Mar. 11, 2022
Spanish
https://www.iadb.org/document.cfm?id=EZSHARE-965128629-49415
Loan Contract
Macroeconomic Emergency Program to Protect Economic and Social Development.pdf
Mar. 11, 2022
English
https://www.iadb.org/document.cfm?id=EZSHARE-1670456203-12
Loan Proposal
Suriname. Propuesta de prestamo para el _Programa Macroeconomico de Emergencia para Proteger el Desarrollo E.pdf
Feb. 15, 2022
Spanish
https://www.iadb.org/document.cfm?id=EZSHARE-1670456203-13
Loan Proposal
Suriname. Loan proposal for the _Macroeconomic Emergency Program to Protect Economic and Social Development”.pdf
Feb. 15, 2022
English
Other Documents
https://www.iadb.org/document.cfm?id=EZSHARE-1670456203-6
Electronic Links
SU-L1064 - POD - REL1 - Policy Letter.pdf
Feb. 16, 2022
English
https://www.iadb.org/document.cfm?id=EZSHARE-1670456203-5
Electronic Links
SU-L1064 - POD - REL3 - Suriname – Staff Report and Memorandum of Economic and Financial Policies.pdf
Feb. 16, 2022
English
https://www.iadb.org/document.cfm?id=EZSHARE-1670456203-2
Electronic Links
SU-L1064 - POD - REL2 - Means of Verifcation Matrix.docx
Feb. 16, 2022
English

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