The IDB Country Office of Suriname supports restoring macroeconomic sustainability, promoting private sector competitiveness, and improving basic services and social protection.
Overview
Suriname is a founding member of the Inter-American Development Bank (IDB). As with all IDB shareholders, Suriname appoints a Governor to represent the country on the IDB Board of Governors.
At the IDB Headquarters in Washington, D.C., Suriname is represented on the Board of Executive Directors. This position is shared with Brazil and is held by an Executive Director elected to a three-year term by the Governors of Suriname and Brazil.
Executive Director: Paulo Guilherme Farah Correa
ALTERNATE EXECUTIVE DIRECTOR(S):
- Marta Viegas
ELECTED BY: Brazil and Suriname
Total Contribution: 1,640,970
Number of votes: 12,659
of the institution's ownership
Address: Peter Bruneslaan 2-4 Paramaribo, Suriname
Peter Bruneslaan 2-4 Paramaribo, Suriname
Phone number: (597) 52-1201
E-mail: COF/CSU@iadb.org
The IDB Group’s Country Strategy for Suriname (2021-2025) is designed to support the restoration of macroeconomic sustainability, boost private sector competitiveness, and enhance basic services and social protection.
This strategy focuses on:
- Restoring Macroeconomic Sustainability: Enhancing public expenditure management and reinforcing public administration while safeguarding the social safety net.
- Promoting Private Sector Competitiveness: Fostering a more competitive private sector to drive economic growth and job creation.
- Improving Basic Services and Social Protection: Strengthening access to essential services and social safety nets to support vulnerable populations.
Longer-term priorities include advancing private sector development, accelerating digitalization, improving financial inclusion, and reinforcing social protection systems to ensure sustained progress and stability.
Country strategies remain valid for one year beyond the stated period, as they remain active throughout the preparation of the following strategy.
| Project Number | Sector | Subsector | Project Title | Financing | Project Status | Approval Date |
|---|---|---|---|---|---|---|
| SU-T1203 | EDUCATION | SECONDARY EDUCATION | Support for Skills for Growth | 400,000.00 | Preparation | |
| SU-T1204 | OTHER | OTHER | Action Plan C&D | 361,601.00 | Implementation | Jan. 6, 2025 |
| SU-T1195 | PRIVATE FIRMS AND SME DEVELOPMENT | SMALL AND MEDIUM ENTERPRISE | No Bean Left Behind | 816,350.00 | Implementation | Nov. 21, 2024 |
| SU-L1074 | ENERGY | NEW POWER DISTRIBUTION & TRANSMISSION PROJECTS | Energy Transition and Integration Program for Suriname | 90,000,000.00 | Preparation | |
| SU-L1077 | REFORM / MODERNIZATION OF THE STATE | FISCAL POLICY FOR SUSTAINABILITY AND GROWTH | Fiscal Sustainability Program for Economic Development III | - | Preparation | |
| SU-T1197 | REFORM / MODERNIZATION OF THE STATE | TRANSPARENCY AND ANTI-CORRUPTION | Knowledge Exchange on Improving Transparency for Extractive Industries in the Caribbean | 16,000.00 | Implementation | Nov. 1, 2024 |
| SU-T1176 | OTHER | OTHER | Enhancing Scientific Foundations for Sustainable Fisheries Management in Suriname | 250,000.00 | Implementation | Dec. 5, 2024 |
| SU-T1180 | AGRICULTURE AND RURAL DEVELOPMENT | SUSTAINABLE AGRICULTURAL DEVELOPMENT | Reigniting Empowerment of Tribal Women in Suriname through Engagement in Transformative Technology | 500,000.00 | Implementation | Aug. 30, 2024 |
- Sector: EDUCATION
- Project Status: Preparation
- Approval Date:
- Financing: 400,000.00
- Sector: OTHER
- Project Status: Implementation
- Approval Date: Jan. 6, 2025
- Financing: 361,601.00
- Sector: PRIVATE FIRMS AND SME DEVELOPMENT
- Project Status: Implementation
- Approval Date: Nov. 21, 2024
- Financing: 816,350.00
- Sector: ENERGY
- Project Status: Preparation
- Approval Date:
- Financing: 90,000,000.00
- Sector: REFORM / MODERNIZATION OF THE STATE
- Project Status: Preparation
- Approval Date:
- Financing: -
- Sector: REFORM / MODERNIZATION OF THE STATE
- Project Status: Implementation
- Approval Date: Nov. 1, 2024
- Financing: 16,000.00
- Sector: OTHER
- Project Status: Implementation
- Approval Date: Dec. 5, 2024
- Financing: 250,000.00
- Sector: AGRICULTURE AND RURAL DEVELOPMENT
- Project Status: Implementation
- Approval Date: Aug. 30, 2024
- Financing: 500,000.00
Overview
Suriname is a founding member of the Inter-American Development Bank (IDB). As with all IDB shareholders, Suriname appoints a Governor to represent the country on the IDB Board of Governors.
At the IDB Headquarters in Washington, D.C., Suriname is represented on the Board of Executive Directors. This position is shared with Brazil and is held by an Executive Director elected to a three-year term by the Governors of Suriname and Brazil.
Executive Director: Paulo Guilherme Farah Correa
ALTERNATE EXECUTIVE DIRECTOR(S):
- Marta Viegas
ELECTED BY: Brazil and Suriname
Total Contribution: 1,640,970
Number of votes: 12,659
of the institution's ownership
Address: Peter Bruneslaan 2-4 Paramaribo, Suriname
Peter Bruneslaan 2-4 Paramaribo, Suriname
Phone number: (597) 52-1201
E-mail: COF/CSU@iadb.org
The IDB Group’s Country Strategy for Suriname (2021-2025) is designed to support the restoration of macroeconomic sustainability, boost private sector competitiveness, and enhance basic services and social protection.
This strategy focuses on:
- Restoring Macroeconomic Sustainability: Enhancing public expenditure management and reinforcing public administration while safeguarding the social safety net.
- Promoting Private Sector Competitiveness: Fostering a more competitive private sector to drive economic growth and job creation.
- Improving Basic Services and Social Protection: Strengthening access to essential services and social safety nets to support vulnerable populations.
Longer-term priorities include advancing private sector development, accelerating digitalization, improving financial inclusion, and reinforcing social protection systems to ensure sustained progress and stability.
Country strategies remain valid for one year beyond the stated period, as they remain active throughout the preparation of the following strategy.
| Project Number | Sector | Subsector | Project Title | Financing | Project Status | Approval Date |
|---|---|---|---|---|---|---|
| SU-T1203 | EDUCATION | SECONDARY EDUCATION | Support for Skills for Growth | 400,000.00 | Preparation | |
| SU-T1204 | OTHER | OTHER | Action Plan C&D | 361,601.00 | Implementation | Jan. 6, 2025 |
| SU-T1195 | PRIVATE FIRMS AND SME DEVELOPMENT | SMALL AND MEDIUM ENTERPRISE | No Bean Left Behind | 816,350.00 | Implementation | Nov. 21, 2024 |
| SU-L1074 | ENERGY | NEW POWER DISTRIBUTION & TRANSMISSION PROJECTS | Energy Transition and Integration Program for Suriname | 90,000,000.00 | Preparation | |
| SU-L1077 | REFORM / MODERNIZATION OF THE STATE | FISCAL POLICY FOR SUSTAINABILITY AND GROWTH | Fiscal Sustainability Program for Economic Development III | - | Preparation | |
| SU-T1197 | REFORM / MODERNIZATION OF THE STATE | TRANSPARENCY AND ANTI-CORRUPTION | Knowledge Exchange on Improving Transparency for Extractive Industries in the Caribbean | 16,000.00 | Implementation | Nov. 1, 2024 |
| SU-T1176 | OTHER | OTHER | Enhancing Scientific Foundations for Sustainable Fisheries Management in Suriname | 250,000.00 | Implementation | Dec. 5, 2024 |
| SU-T1180 | AGRICULTURE AND RURAL DEVELOPMENT | SUSTAINABLE AGRICULTURAL DEVELOPMENT | Reigniting Empowerment of Tribal Women in Suriname through Engagement in Transformative Technology | 500,000.00 | Implementation | Aug. 30, 2024 |
- Sector: EDUCATION
- Project Status: Preparation
- Approval Date:
- Financing: 400,000.00
- Sector: OTHER
- Project Status: Implementation
- Approval Date: Jan. 6, 2025
- Financing: 361,601.00
- Sector: PRIVATE FIRMS AND SME DEVELOPMENT
- Project Status: Implementation
- Approval Date: Nov. 21, 2024
- Financing: 816,350.00
- Sector: ENERGY
- Project Status: Preparation
- Approval Date:
- Financing: 90,000,000.00
- Sector: REFORM / MODERNIZATION OF THE STATE
- Project Status: Preparation
- Approval Date:
- Financing: -
- Sector: REFORM / MODERNIZATION OF THE STATE
- Project Status: Implementation
- Approval Date: Nov. 1, 2024
- Financing: 16,000.00
- Sector: OTHER
- Project Status: Implementation
- Approval Date: Dec. 5, 2024
- Financing: 250,000.00
- Sector: AGRICULTURE AND RURAL DEVELOPMENT
- Project Status: Implementation
- Approval Date: Aug. 30, 2024
- Financing: 500,000.00
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