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.
- Madsaleh pleit voor bewaking op scholen..
- Zunder: Motie Eerdmans, niet meer dan hinderlijke schijnbew…..
- Congres Onderwijs binnenland wil breken met brandjes blusse…..
- President delays decision on new Minister of Home Affairs u…..
- Commerciële sekswerkers kort na stagiaires te hebben beroof…..
- Santokhi vraagt samenleving geen verkeerde besluiten te nem…..
- President: IMF moet de regering nu meer ruimte geven..
- Renovatiesubsidie verhoogd naar SRD 100.000..
- ‘Toezicht op politieke partijen zeer gebrekkig’..
- Bewoners van Apoera protesteren tegen uitblijven sociale st…..
- SUCCESVOLLE POLITICI WORDEN MILJONAIRS..
- Meteodienst voorspelt buien op maandag..
- Temperatuur kan stijgen tot 34°C..
- ‘Wroko Foe Mek Moni’ voortgezet in Wanica..
- Man ingesloten voor verduisteren geld..
- Bodybuilders sluiten Centraal-Amerikaanse en Caribische kam…..
- Nieuwe president Indonesië heeft grote ambities, kijkt niet…..
- Purcy Harold Woerdings (93) Paramaribo 18-10-2024..
- Purcy Harold Woerdings (93) Paramaribo 18-10-2024..
- Antisociaal, vertrapt rechten en normen zonder berouw (4)..
- Verdachte ingesloten voor verduistering van grote geldbedra…..