Suriname comes to terms with IMF

Suriname comes to terms with IMF

Corporate & Sovereign Strategy Economy & Policy Bonds Debt Fixed Income Suriname Capital Markets

Suriname has come to terms with the International Monetary Fund (IMF) on a three-year, $690 million lending program with $57.5 million available immediately, the multilateral lender said in a press release on Thursday. According to the agreement, Suriname has to get debt relief from official bilateral creditors and additional financing from "multilateral partners," the IMF said. In turn, Suriname has committed to pursuing a flexible exchange rate, eliminating the "current parallel market premium

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