PARAMARIBO, Suriname, Aug. 16, CMC – Finance Minister Stanley Raghoebarsing, says the country’s programme with the International Monetary Fund (IMF) is in danger of being stopped, as the government has not yet paid off the national debt of approximately SRD$8 billion (US$ 275 million) at the Central Bank of Suriname (CBvS) and the Energy Companies Suriname (EBS) is still being subsidized too heavily.
Speaking on Thursday, the Finance Minister said that in order to come through the upcoming seventh review of the IMF Positively, the government will have to present a plan on how the debt at the bank will be paid off and the EBS will have to deposit the funds that have been collected in the past three to four months with the increase in electricity tariffs into the state treasury.
(Details in Business section)
CMC/2024