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Fiscal Support Program to Regain Growth
The objective of the program is to improve medium-term fiscal sustainability. The specific development objectives are: (i) increase tax revenue; (ii) improve budget planning and execution; and (iii) improve public investment management.

Project Detail

Country

Suriname

Project Number

SU-L1060

Approval Date

December 14, 2022

Project Status

Implementation

Project Type

Loan Operation

Sector

REFORM / MODERNIZATION OF THE STATE

Subsector

FISCAL POLICY FOR SUSTAINABILITY AND GROWTH

Lending Instrument

Préstamo de Inversión

Lending Instrument Code

INV

Modality

ESP (Specific Investment Operation)

Facility Type

-

Environmental Classification

Likely to cause minimal or no negative environmental and associated social impacts

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
5727/OC-SU Sovereign Guaranteed USD - United States Dollar Ordinary Capital Flexible Financing Facility
Operation Number 5727/OC-SU
  • Lending Type: Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Ordinary Capital
  • Financial Instrument: Flexible Financing Facility

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Implementation Phase
https://www.iadb.org/document.cfm?id=EZIDB0000578-522669563-44457
SU-L1060 First period Jan-Jun 2023 - Public Report.PDF
Published Jan. 29, 2024
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https://www.iadb.org/document.cfm?id=EZIDB0000578-522669563-43832
SU-L1060 Second period Jan-Dec 2022 - Public Report.PDF
Published Jul. 21, 2023
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https://www.iadb.org/document.cfm?id=EZIDB0000366-2056220512-9349
Contract - Fiscal Support Program to Regain Growth.pdf
Published May. 18, 2023
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https://www.iadb.org/document.cfm?id=EZSHARE-965128629-49699
Programa de Apoyo Fiscal para Reactivar el Crecimiento.pdf
Published Dec. 20, 2022
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https://www.iadb.org/document.cfm?id=EZSHARE-965128629-49698
Fiscal Support Program to Regain Growth.pdf
Published Dec. 20, 2022
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https://www.iadb.org/document.cfm?id=EZSHARE-897700577-24
Suriname. Propuesta de prestamo para el _Programa de Apoyo Fiscal para Reactivar el Crecimiento”.pdf
Published Nov. 30, 2022
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https://www.iadb.org/document.cfm?id=EZSHARE-897700577-25
Suriname. Loan proposal for the _Fiscal Support Program to Regain Growth”.pdf
Published Nov. 30, 2022
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Other Documents
https://www.iadb.org/document.cfm?id=EZSHARE-897700577-22
SU-L1060 - LP - OEL - Safeguard Screening Report.pdf
Published Nov. 30, 2022
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https://www.iadb.org/document.cfm?id=EZSHARE-897700577-7
SU-L1060 - POD - OEL4 - Justification of non-inclusion of gender activity.docx
Published Nov. 30, 2022
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https://www.iadb.org/document.cfm?id=EZSHARE-897700577-8
SU-L1060 - POD - OEL1 - Cost - Effectiveness Analysis Suriname.docx
Published Nov. 30, 2022
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https://www.iadb.org/document.cfm?id=EZSHARE-897700577-9
SU-L1060 - POD - OEL2 - Operations Regulations Manual.docx
Published Nov. 30, 2022
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https://www.iadb.org/document.cfm?id=EZSHARE-897700577-6
SU-L1060 - POD - REL1 - PEP-POA - REL3 PP.xlsx
Published Nov. 30, 2022
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https://www.iadb.org/document.cfm?id=EZSHARE-897700577-5
SU-L1060 - POD - REL2 - Monitoring and Evaluation Plan.docx
Published Nov. 30, 2022
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Preparation Phase
https://www.iadb.org/document.cfm?id=EZSHARE-897700577-4
SU-L1060 - PP - Full Document.pdf
Published Jun. 30, 2022
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Blogs
Published 2023
El ascenso de los consejos fiscales en América Latina y el Caribe
En la última década se ha observado un fuerte aumento en el número de consejos fiscales que existen en el mundo, tendencia que fue aún más pronunciada entre los países de América Latina y el Caribe (ALC).
Blogs
Published 2024
Primer Año de FISLAC: Transformando la Sostenibilidad Fiscal en América Latina y el Caribe
La herramienta FISLAC brinda análisis en tiempo real de riesgos macro-fiscales, promoviendo la sostenibilidad fiscal y contribuyendo al crecimiento económico para mejorar la calidad de vida de la población.
Blogs
Published 2023
Fiscal Rules for Commodity-Dependent Economies
In recent decades, numerous governments in Latin America and the Caribbean have adopted fiscal rules, which try to enforce fiscal discipline on governments and stop them from pro-cyclical spending, which involves spending too much when times are good and taking the ax to spending when times are bad. Pro-cyclical policies have been a historical trend
Blogs
Published 2022
Why Don’t Voters Demand More Public Investment?
For decades economists have warned that low levels of public investment in education, health, infrastructure, and security would weaken a country’s economic growth and delay its social development. Unfortunately, that describes many Latin American and Caribbean countries. From 1980 to 2016, public investment in the region grew by almost 10 percentage points slower than in
Blogs
Published 2023
Desafíos y oportunidades para fortalecer la institucionalidad fiscal en Chile en la pospandemia
Chile tiene la oportunidad de volver a reformar sus instituciones fiscales, con focos en la eficiencia del gasto, la transparencia y la creación de un nuevo pacto fiscal que permita financiar las demandas sociales de modo responsable, con anclajes robustos y trayectorias sostenibles.
Publications
Published 2021
Fiscal Impact of PPPs in Latin America and the Caribbean
Os Documentos de Discusso PPP Américas 2021 compem uma série de textos desenvolvidos em preparaço à décima ediço do PPP Américas. O evento é o maior fórum sobre Parcerias Público Privadas (PPP) na América Latina e no Caribe (ALC) e é organizado a cada dois anos pelo Banco Interamericano de Desenvolvimento (BID). Motivados pelo PPP Américas 2021, foram reunidos oito grupos temáticos, com especialistas, profissionais, consultores e acadmicos envolvidos diretamente na preparaço, identificaço, estruturaço e gesto de projetos de infraestrutura no formato de PPPs nos países da regio. Sob coordenaço dos especialistas do BID, os grupos revisaram os mais atuais temas de interesse no mbito das parcerias para infraestrutura econmica e social, com o objetivo de trocar experincias e debater casos de sucesso e liçes aprendidas. Este documento “Impacto Fiscal das PPPs na América Latina e no Caribe”, reúne as principais concluses e recomendaçes discutidas pelo grupo e busca contribuir para a consolidaço de um ambiente de troca de conhecimento sobre infraestrutura e PPPs na regio, oferecendo uma discusso ampliada sobre o impacto fiscal dos projetos de PPP na América Latina e no Caribe.
Publications
Published 2021
Growth Recoveries (from Collapses)
This paper analyzes the behavior of a long list of economic variables during episodes of recovery from an economic collapse. A set of stylized facts is proposed so as to depict what in this work is called \saygrowth recoveries. Through different estimation techniques, it is inferred under which conditions and policies the likelihood of experiencing a growth recovery increases. The results of the paper indicate that collapses tend to occur in countries with high dependence on natural resource rents, macroeconomic mismanagement, low levels of democratic accountability and rule of law and high levels of conflict. Recoveries, on the other hand, tend to be longer than collapses and are more likely to occur in contexts of: improved external conditions, less natural resource rents, balanced fiscal accounts, where the exchange rate corrects but within a more fixed exchange rate regime and a more restricted financial account, and where there are: rebounds in private consumption, increases in international trade and improvements on property rights.
Publications
Published 2021
Política fiscal y cambio climático: experiencias recientes de los ministerios de finanzas de América Latina y el Caribe
Esta publicación presenta un conjunto de experiencias recientes de ministerios de finanzas de la región de América Latina y el Caribe en tres áreas de intervención donde convergen los temas de cambio climático y las responsabilidades de estos ministerios. Así mismo, la publicación aporta elementos para que el diseño de las políticas fiscales coadyuve a un crecimiento sostenible. Las tres áreas donde las intervenciones de los ministerios de finanzas resultan cruciales son: 1) la gestión de los riesgos económicos, fiscales y financieros asociados a los eventos climáticos extremos y al cambio climático; 2) los desafíos de la transición hacia economías bajas en emisiones de carbono, y 3) la reorientación de las finanzas públicas para que contribuyan a los objetivos nacionales de resiliencia y descarbonización. La publicación también muestra que, aunque los riesgos y desafíos de la transición hacia economías verdes son reales, existe gran cantidad de evidencia que indica que, si dicha transición se planifica e implementa adecuadamente, es posible generar nuevas oportunidades económicas a la vez que se crean más y mejores empleos.
Blogs
Published 2023
Fiscal Rules for a Debt-Plagued Region
With a long history of recurrent and costly debt crises, Latin American governments have long sought to find a way to curb the fiscal deficits that stoke the debt problem. Those efforts gathered steam over the course of the 2000s when numerous governments in the region began adopting fiscal rules, which seek to curb politicians’
Publications
Published 2023
Extended Country Program Evaluation Costa Rica 2015-2022
This document presents the evaluation conducted by the Office of Evaluation and Oversight (OVE) of the Country Program of the Inter-American Development Bank Group (IDBG) with Costa Rica from 2015 to 2022, spanning two strategic planning periods. This marks the sixth independent evaluation conducted by OVE of the IDB Group's program in Costa Rica. Previous evaluations covered the periods 1990-2001, 2002-2006; 2006-2010, 2011-2014, and 2015-2018. This evaluation examines the Bank's relationship with Costa Rica over an extended period. As outlined in the OVE Country Products Protocol, Extended Country Program Evaluations (XCPE), such as this one, are independent assessments of the last two country strategies and the corresponding Country Program to evaluate their relevance, effectiveness, and sustainability. XCPEs focus on both accountability and learning, aiming to provide assessments to the Board of Executive Directors and the Management of the Inter-American Development Bank (IDB) and IDB Invest of the IDB Group's performance in the country and its Country Program. They also aim to share lessons learned to inform the Bank's future support, particularly in the context of the upcoming Country Strategy. XCPEs make recommendations expected to enhance the subsequent Country Strategy and Country Program. The Country Program evaluation examines the design, implementation, and outcomes of operations approved under the Country Program with Costa Rica between 2015 and 2022, considering the national context and relevant strategic documents. To conduct this evaluation, OVE analyzed country data, studied project documents, and conducted interviews (both virtually and in person) with country authorities, project executing units, the private sector, representatives from other development agencies, and IDB Group staff at the Country Office and Headquarters. Additionally, OVE conducted a mission to the country in June 2023. OVE appreciates the participation and collaboration of these counterparts, which enabled a rich exchange of information and reasonable access to verify the program's outcomes.
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