I am proud to announce the signing of the $40 million ‘Fiscal Strengthening to Support Economic Growth’ loan approved by the IDB Board of Directors in June. The loan is aimed at supporting effective, efficient and transparent management of all government revenue and expenditure in Suriname. With this action, the formal preparation of the project can now begin.
Additionally, we welcomed Mr. James Scriven, CEO of the Inter-American Investment Corporation (IIC), the IDB agency responsible for private sector development in member countries, on a working visit to our country. The IIC has committed itself to substantially increasing its support in the Caribbean in the coming years. This is achieved by, among other things, giving recognition and responding to the needs of the member states’ private sector.
The IIC has contributed in the past to the funding of the Berg and Dal Eco Resort and currently provides financial support to Fernandes Bakery. We are taking important steps to economic recovery. Let’s keep moving Suriname forward!