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.
- ECD sluit supermarkten voor prijsopdrijving en illegale goe…..
- Stroomtarieven huishoudens per oktober drastisch omlaag..
- Vermijden van vluchtgedrag zal wisselkoers stabiel houden..
- Meervoudige inbraakverdachte aangehouden..
- Ori over uitdagingen: 48 scholen Sipaliwini niet opgestart..
- Ramnandanlal: waarborgsom ondemocratisch en tegen de grondw…..
- Dakloze ‘Poi Poi’ opgesloten voor meervoudige inbraak..
- Narcoticabrigade houdt bekende crimineel aan voor drugshand…..
- Cursus Textiele Werkvormen te Magenta biedt arbeidskansen..
- Miriam Simone benoemd tot cultuurambassadeur in Ghana..
- Misiekaba: “Basale zaken ontbreken nooit bij een NDP-regeri…..
- Wereldwijd Ervaren Tenminste 1,1 Miljard Mensen Armoede, Ra…..
- Onafhankelijk Kiesbureau ontvangt IFES voor kennismakingsbe…..
- Argentijnse Universiteiten Organiseren 24-Uurs Staking**..
- Hongkong Vermindert Alcoholinvoerrechten om Economie te Sti…..
- Niet lichtvaardig omgaan met terug fluiting van Constitutio…..
- Politie stuit op 75 gascilinders in woningen diefstalverdac…..
- Verzoening zonder waarheid en spijt: Holle retoriek NDP..
- Schuld SLM met USD 11 miljoen omlaag..
- Groter bewustzijn nodig over rechten marrons en inheemsen, …..
- Agrarische sector versterkt met modern onderzoekslaboratori…..