Supporting agreements with the international institutions
IMF programme supported by the arrangements under the Extended Fund Facility (EFF) approved on 22 December 2021
Download the IMF report EFF document
Total external debt of the country
US$ 2,694 million of which US$ 88 million due to the Paris Club as of 31 December 2023 (source: IMF)
Accorded treatment
Amendment on the entry into force of the second phase of the 2022 restructuring agreement of its external public debt, thanks to Suriname’s economic performance
Categories of debt treated
Debt stock treatment as of 1 January 2025
Repayment profile
Treatment under classic terms
- Repayment of ODA claims over 17 years, including 4 years of grace
- Repayment of non-ODA claims over 12 years, including 5 years of grace
Specific provisions
The Government of the Republic of Suriname and the Participating Creditor Countries also committed to review the latest developments of the macroeconomic situation of the Republic of Suriname, in particular the existence of the prospects for oil revenues to adjust the conditions of the second phase of the treatment. Those terms will be adjusted to ensure comparability of treatment with regards to other external creditors once the Value Recovery Instrument of the Bondholders starts paying out.
Comparability of treatment provision
In order to secure comparable treatment of debts due to external public or private creditors, the Government of the Republic of Suriname commits itself to seek from its other official bilateral creditors and its external private creditors debt reorganization arrangements on terms at least as favourable as those set forth in the Amendment dated 8 October 2024 making sure to avoid discrimination among different categories of creditors.
For that purpose, the Government of the Republic of Suriname commits to inform the Participating Creditor Countries before concluding a debt reorganization arrangement in order to allow the Participating Creditor Countries to assess whether the proposed terms of debt treatment are at least as favourable to those set forth in the Amendment dated 8 October 2024.
The Government of the Republic of Suriname commits itself not to accord any other official bilateral creditors or its external private creditors financial conditions of repayment assessed more favourable than those accorded to the Participating Creditor Countries.
Cut-off date
29 April 2021
Organisation of the session
The meeting was chaired by Mr. William ROOS, co-Chair of the Paris Club Assistant Secretary at the Directorate-General of the Treasury of the French Ministry of Economy, Finance and Industry.
The delegation of the Republic of Suriname was headed by H.E. Kermechend RAGHOEBARSING, Minister of Finance and Planning.
- DENMARK, GERMANY, IRELAND, JAPAN, SPAIN, SWITZERLAND, UNITED STATES OF AMERICA
Files attached
20221008_pr_suriname_vf.pdf (74.56 KB)