Caribbean News Now!

About Us Contact Us


Jump to your country or territory of interest

Advertise with us

Reach our daily visitors from around the Caribbean and throughout the world. Click here for rates and placements.


Submit news and opinion for publication


Click here to receive our daily regional news headlines by email.


Click here to browse our extensive archives going back to 2004

Also, for the convenience of our readers and the online community generally, we have reproduced the complete Caribbean Net News archives from 2004 to 2010 here.

Climate Change Watch

The Caribbean is especially vulnerable to rising sea levels brought about by global warming. Read the latest news and information here...

Follow Caribbean News Now on Twitter
Connect with Caribbean News Now on Linkedin

News from the Caribbean:

Back To Today's News

Suriname-IDB partnership expanded in 2013
Published on January 25, 2014 Email To Friend    Print Version

PARAMARIBO, Suriname -- The government and people of Suriname continued to build on their relations with the Inter-American Development Bank (IDB) in 2013 to expand opportunities for all and catalyse lasting reforms in key sectors -- main objectives of the Development Plan.

With a lending total of US$175 million (US$125 million from ordinary capital and US$50 million from China co-financing funds), the partnership consolidated structural reforms in the energy and financial sectors while beginning activities on modernizing the revenue management system and the agriculture sector. An investment loan for US$30 million will finance capital works in energy.

Specifically, these interventions contribute in part to:

• strengthening supervision of the financial sector and promoting inter-bank and securities market development

• improving the delivery of agricultural services to benefit more than 10,000 farmers;

• enhancing the quality and reliability of the local electricity service in addition to expanding access to 24-hour electricity supply to some locations in the Hinterland while promoting renewable energy solutions; and

• developing a clear and concise tax framework to cut compliance costs for the tax payer and improve taxpayer services, among others.

Suriname received US$5.4 million in grants and technical assistance in energy, social protection, and transport. IDB facilitated the implementation of early childhood development policies under the guidance of First Lady Ingrid Bouterse as chairperson of the Early Childhood Development Steering Committee.

On the private sector front, IDB followed the lead of Vice President Ameerali and the recently established Competitiveness Unit Suriname to deepen dialogue with stakeholders through the Caribbean Growth Forum initiative and the National Competitiveness Forum, financed by Compete Caribbean.

The Competitiveness Forum was an opportunity to build an organic, local partnership among members from realms to move quickly toward private sector-led growth in Suriname. To this end, the Multilateral Investment Fund approved a US$1.0 million grant to deliver job skills training for the expanding youth population.

Knowledge generation and dissemination continued to be prominent features of the partnership in 2013. The IDB facilitated the project management training of more than 100 public officials, executing agencies’ staff, and prospective project members for results, procurement, and financial management. The Bank's analytical efforts concentrated on understanding the role of productivity, strategies for enhancing the business climate, effects of commodity price shocks, and the informal sector. While the Bank supported the National Census activity and the household budget survey, it collaborated with authorities to gather data regarding enterprises, labor, innovation, productivity, the social sector, and more.

The 2013 interventions were delivered within the context of the 2011–2015 Country Strategy with Suriname, approved by the Board of the IDB in November 2011.
Reads: 2859

Click here to receive daily news headlines from Caribbean News Now!



No comments on this topic yet. Be the first one to submit a comment.


Send us your comments!  

Send us your comments on this article. All fields are required.

For your contribution to reach us, you must (a) provide a valid e-mail address and (b) click on the validation link that will be sent to the e-mail address you provide.  If the address is not valid or you don't click on the validation link, we will never see it!

Your Name:

Your Email:

(Validation required)

Enter Code

Please note that, if you are using an AT&T domain email address, e.g.,,, the verification email will likely not be delivered. This is outside of our control and the only remedy seems to be for readers to complain to AT&T

User comments posted on this website are the sole views and opinions of the comment author and are not representative of Caribbean News Now or its staff. Caribbean News Now accepts no liability and will not be held accountable for user comments.
Caribbean News Now reserves the right to remove, edit or censor any comments. Any content that is considered unsuitable, unlawful or offensive, includes personal details, advertises or promotes products, services or websites or repeats previous comments will not be approved.
Before posting, please refer to our Terms of Use and Privacy Policy.

The Caribbean Writer 2014

Other Headlines:

Regional Sports: