April 30, 2021 |
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
Sovereign issuer agrees to conditions for a three-year, $690 mln facility from the multilateral lender