Suriname’s advisor at the International Monetary Fund (IMF), Karel Eckhorst, believes that the recent rating by Moody’s on Suriname’s economy could have significant positive impacts. According to him, this rating will mainly help Suriname gain easier access to the international capital market to participate in oil development.
On October 23, 2024, Moody’s, the international credit rating agency, upgraded Suriname’s credit rating by two notches and assessed the outlook as positive. In an interview with Radio ABC, the financial expert noted that he can’t recall the last time Suriname advanced by two steps in a rating.
Eckhorst attributes the new rating to positive prospects in the oil and gas sector and macroeconomic reforms. It will bring benefits, including a stronger currency and economy.
Moody’s essentially indicates that Suriname is heading in the right direction. Although the improvement depends on natural resource prices, it offers promising prospects, according to Suriname’s IMF advisor. The world now has a clearer picture of Suriname’s financial position, which opens doors for the government.
Eckhorst mentioned his involvement in discussions with the rating agency, which was in Paramaribo. Moody’s consulted multiple entities in the country before issuing its final assessment. He noted that the Final Investment Decision (FID) by TotalEnergies and APA also contributed to the improved financial position. However, the rating agency has also outlined certain risks.
Deviating from the reform path is one such risk, Eckhorst stated. The economy must undoubtedly be further strengthened. The advisor pointed out that investors are hesitant to invest in a country with economic and political risks, which, according to Moody’s, is not the case for Suriname.
- Gedeeltelijk bewolkt overdag en in de nacht..
- Plaatselijk matige onweersbuien..
- Vermiste te vroeg geboren baby Santiago en ouders opgespoor…..
- Behoedzaam monetair beleid om stabiele munt te garanderen..
- Moody’s waarschuwt voor onverantwoordelijke uitgaven in aan…..
- Willem de Man (85) Paramaribo 19-10-2024..
- Lula annuleert reis naar COP29 na hoofdletsel..
- EAS gastheer van regulatoren nutsvoorzieningen in het Carib…..
- Minister Mac Andrew remains confident: “Never doubted my pe…..
- Vreedzaam vraagt internationaal aandacht schendingen Inheem…..
- China ondersteunt Tushi Processing met uitbouw sappenfabrie…..
- Monique Pool mist oceaan-beleid in ontwikkeling offshore ol…..
- Oplossingen aangedragen voor situatie onderwijs in het binn…..
- Pakkitow komt met beweging om regering weg te sturen..
- Ambulancediensten verhogen transporttarieven..
- Verdachte opgepakt na oplichting met gouden sieraden..
- Eckhorst sees benefits for Suriname from Moody’s rating..
- Drie woningen aan Randjansingweg door brand verwoest –…..
- SEH levert 13 verpleegkundigen af..
- Staat haalt iets meer dan SRD 1 miljoen binnen met conversi…..
- Bejaarde inzittende ongeval Brownsweg overleden..