国际货币基金组织执董会完成与苏里南的扩展基金便利安排的最终审查

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IMF Executive Board Completes Final Review Under the Extended Fund Facility Arrangement with Suriname

from:IMF

原文

The Executive Board of the International Monetary Fund completed the ninth and final review under the Extended Fund Facility (EFF) arrangement for Suriname. The approval allows for an immediate purchase equivalent to SDR 46.8 million (about USD 62 million) of which SDR 33.6 million or about USD 44.7 million would be for budget support.

The objectives of the program have been broadly achieved. The economy is growing, inflation is receding, public debt is declining, the autonomy and governance of the central bank have been strengthened, and investor confidence is returning. The main near-term policy priority is to maintain fiscal discipline in the run-up to the elections while protecting the vulnerable.

Building on the progress made under the program, the authorities should strengthen the fiscal framework, including through the operationalization of the recently enacted fiscal rules supported by the appropriate institutional mechanisms. The implementation of these critical reforms will enable Suriname to efficiently and transparently manage its newly found oil resources.

Washington, DC: The Executive Board of the International Monetary Fund (IMF) approved the ninth and final review under the Extended Fund Facility (EFF) arrangement with Suriname. The completion of the review allows the authorities to draw the equivalent of SDR 46.8 million (about USD 62 million), bringing total program disbursement to SDR 430.7 million (about USD 572 million). In completing the review, the Executive Board approved the authorities’ request for a waiver of non-observance of the end-December 2024 performance criteria on the central government primary balance based on the corrective actions the authorities have already taken.

Suriname’s EFF arrangement was approved by the Executive Board on December 22, 2021 (see Press Release No. 21/400), in an amount equivalent to SDR 472.8 million (366.8 percent of quota). Under the EFF, Suriname pursed an ambitious economic reform agenda with the objective of restoring macroeconomic stability and debt sustainability, while laying the foundations for strong and more inclusive growth. The program focused on restoring fiscal and debt sustainability, protecting the poor and vulnerable, upgrading the monetary and exchange rate policy framework, addressing banking sector vulnerabilities, and advancing the anti-corruption and governance reform agenda.

Following the Executive Board discussion on Suriname, Mr. Kenji Okamura, Deputy Managing Director and Acting Chair, issued the following statement:

“The authorities’ reforms under the EFF-supported program—the first ever to be completed by Suriname—are increasingly bolstering macroeconomic stability and investor confidence. The economy is growing, inflation is approaching single digits, international bond spreads are at record low levels, and donor support is increasing.

“In view of the Final Investment Decision for the country’s oil resources, it is critical to put in place robust institutional frameworks, including fiscal rules and improved transparency and accountability safeguards. Such institutional improvements will help Suriname avoid procyclical fiscal policy, prioritize urgent development needs, ensure intergenerational equity, and transform exhaustible resource wealth into financial assets.

“The near-term priority is to maintain the path for debt reduction while protecting the vulnerable from the burden of the adjustment. Gradually phasing out electricity subsidies and strengthening tax administration will help create fiscal space for higher, targeted social assistance and infrastructure spending. Fully implementing the recently finalized social assistance reform plan will make social programs more efficient and effective. Strengthening financial management controls in the state-owned electricity company, including regularly publishing its audited financial statements, will help promote accountability and oversight.

“The debt restructuring process is nearing completion. Bilateral agreements with all official creditors and all but one commercial creditor have been achieved. Domestic debt arrears have been cleared. Improving commitment controls in the budget and addressing weaknesses in cash management will restrain public spending and prevent accumulation of supplier arrears.

“A restrictive monetary policy is supporting disinflation. Recent implementation of the agreed central bank recapitalization plan is a critical step in ensuring a strong central bank balance sheet with clear operational and financial autonomy. The authorities’ demonstrated commitment to a flexible, market-determined exchange rate is supporting international reserve accumulation. Timely implementation of recapitalization plans for undercapitalized commercial banks and improving the monitoring of non-bank financial institutions will help bolster financial sector resilience.

“The authorities should persevere with their ambitious structural reform agenda to strengthen institutions, address governance weaknesses, build climate resilience, improve data quality and address gender gaps. This important work will continue to be supported by capacity development from the Fund and other development partners.”

双语结合

IMF Executive Board Completes Final Review Under the Extended Fund Facility Arrangement with Suriname

国际货币基金组织执董会完成与苏里南的扩展基金便利安排的最终审查

The Executive Board of the International Monetary Fund completed the ninth and final review under the Extended Fund Facility (EFF)arrangement for Suriname. The approval allows for an immediate purchase equivalent to SDR 46.8 million (about USD 62 million) of which SDR 33.6 million or about USD 44.7 million would be for budget support.

国际货币基金组织（IMF）执董会完成了对苏里南的扩展基金安排的第九次也是最后一次审查。该批准允许立即购买相当于 4680 万特别提款权（约 6200 万美元）的购买，其中 3360 万特别提款权或约 4470 万美元将用于预算支持。

Special drawing rights（SDR）：特别提款权

Extended Fund Facility (EFF)：拓展基金

The objectives of the program have been broadly achieved. The economy is growing, inflation is receding, public debt is declining, the autonomy and governance of the central bank have been strengthened, and investor confidence is returning. The main near-term policy priority is to maintain fiscal discipline in the run-up to the elections while protecting the vulnerable.该计划的目标已大致实现。经济在增长，通货膨胀在消退，公共债务在下降，中央银行的自主权和治理得到了加强，投资者的信心正在恢复。近期的主要政策优先事项是在选举前保持财政纪律，同时保护弱势群体。

autonomy：自主权

fiscal discipline：财政纪律

vulnerable：脆弱

Building on the progress made under the program, the authorities should strengthen the fiscal framework, including through the operationalization of the recently enacted fiscal rules supported by the appropriate institutional mechanisms. The implementation of these critical reforms will enable Suriname to efficiently and transparently manage its newly found oil resources.在该计划所取得进展的基础上，当局应加强财政框架，包括在适当的体制机制支持下实施最近颁布的财政规则。这些关键改革的实施将使苏里南能够高效、透明地管理其新发现的石油资源。

transparently:透明地

Washington, DC: The Executive Board of the International Monetary Fund (IMF) approved the ninth and final review under the Extended Fund Facility (EFF) arrangement with Suriname. The completion of the review allows the authorities to draw the equivalent of SDR 46.8 million (about USD 62 million), bringing total program disbursement to SDR 430.7 million (about USD 572 million). In completing the review, the Executive Board approved the authorities’ request for a waiver of non-observance of the end-December 2024 performance criteria on the central government primary balance based on the corrective actions the authorities have already taken.华盛顿特区：国际货币基金组织 （IMF） 执董会批准了与苏里南签订的扩展基金便利 （EFF） 安排下的第九次也是最后一次审查。审查完成后，当局可以提取相当于 4680 万特别提款权（约 6200 万美元）的资金，使计划支付总额达到 4.307 亿特别提款权（约合 5.72 亿美元）。在完成审查时，执行局批准了当局的要求，即根据当局已经采取的纠正措施，免除不遵守 2024 年 12 月底中央政府基本余额绩效标准的请求。

Suriname’s EFF arrangement was approved by the Executive Board on December 22, 2021 (see Press Release No. 21/400), in an amount equivalent to SDR 472.8 million (366.8 percent of quota). Under the EFF, Suriname pursed an ambitious economic reform agenda with the objective of restoring macroeconomic stability and debt sustainability, while laying the foundations for strong and more inclusive growth. The program focused on restoring fiscal and debt sustainability, protecting the poor and vulnerable, upgrading the monetary and exchange rate policy framework, addressing banking sector vulnerabilities, and advancing the anti-corruption and governance reform agenda.执行局于 2021 年 12 月 22 日批准了苏里南的 EFF 安排（见第 21/400 号新闻稿），金额相当于 4.728 亿特别提款权（占配额的 366.8%）。在 EFF 框架下，苏里南推行了一项雄心勃勃的经济改革议程，旨在恢复宏观经济稳定和债务可持续性，同时为强劲和更具包容性的增长奠定基础。该计划的重点是恢复财政和债务的可持续性，保护贫困和弱势群体，升级货币和汇率政策框架，解决银行业的脆弱性问题，以及推进反腐败和治理改革议程。

equivalent：等效、相当于

macroeconomic：宏观经济

Following the Executive Board discussion on Suriname, Mr. Kenji Okamura, Deputy Managing Director and Acting Chair, issued the following statement:在执行委员会讨论苏里南问题后，副总经理兼代理主席 Kenji Okamura 先生发表了以下声明：

“The authorities’ reforms under the EFF-supported program—the first ever to be completed by Suriname—are increasingly bolstering macroeconomic stability and investor confidence. The economy is growing, inflation is approaching single digits, international bond spreads are at record low levels, and donor support is increasing.“当局根据 EFF 支持的计划进行的改革——这是苏里南有史以来第一次完成——正在日益增强宏观经济稳定和投资者信心。经济正在增长，通货膨胀率接近个位数，国际债券利差处于历史低位，捐助者的支持正在增加。

“In view of the Final Investment Decision for the country’s oil resources, it is critical to put in place robust institutional frameworks, including fiscal rules and improved transparency and accountability safeguards. Such institutional improvements will help Suriname avoid procyclical fiscal policy, prioritize urgent development needs, ensure intergenerational equity, and transform exhaustible resource wealth into financial assets.“鉴于该国石油资源的最终投资决定，建立强有力的制度框架至关重要，包括财政规则和改进的透明度和问责制保障措施。这种制度改进将有助于苏里南避免顺周期的财政政策，优先考虑紧迫的发展需求，确保代际公平，并将可枯竭的资源财富转化为金融资产。

robust ：强大的

transparenc：透明度

procyclical：顺周期

“The near-term priority is to maintain the path for debt reduction while protecting the vulnerable from the burden of the adjustment. Gradually phasing out electricity subsidiesand strengthening tax administration will help create fiscal space for higher, targeted social assistance and infrastructure spending. Fully implementing the recently finalized social assistance reform plan will make social programs more efficient and effective. Strengthening financial management controls in the state-owned electricity company, including regularly publishing its audited financial statements, will help promoteaccountability and oversight.

“近期的优先事项是保持减债路径，同时保护弱势群体免受调整的负担。逐步取消电力补贴和加强税收管理将有助于为更高的、有针对性的社会援助和基础设施支出创造财政空间。全面实施最近敲定的社会救助改革计划将使社会计划更加高效和有效。加强国有电力公司的财务管理控制，包括定期发布经审计的财务报表，将有助于促进问责制和监督。

phasing out：逐步淘汰

subsidies ：补贴

accountability：问责

oversight：监督

“The debt restructuring process is nearing completion. Bilateral agreements with all official creditors and all but one commercial creditor have been achieved. Domestic debt arrears have been cleared. Improving commitment controls in the budget and addressing weaknesses in cash management will restrain public spending and prevent accumulation of supplier arrears. “债务重组过程已接近完成。已与所有官方债权人和除一名商业债权人外的所有债权人达成双边协议。国内债务拖欠已结清。改善预算中的承诺控制并解决现金管理方面的弱点将抑制公共支出并防止供应商拖欠的积累。

arrears：拖欠

restrain：抑制

“A restrictive monetary policy is supporting disinflation. Recent implementation of the agreed central bankrecapitalization plan is a critical step in ensuring a strong central bank balance sheet with clear operational and financial autonomy. The authorities’ demonstrated commitment to a flexible, market-determined exchange rate is supporting international reserve accumulation. Timely implementation of recapitalization plans for undercapitalized commercial banks and improving the monitoring of non-bank financial institutions will help bolster financial sector resilience.“限制性货币政策正在支持通货紧缩。最近实施的央行资本重组计划是确保强大的央行资产负债表具有明确的运营和财务自主权的关键一步。当局对灵活的、市场化决定的汇率的承诺正在支持国际储备的积累。及时实施资本不足的商业银行的资本重组计划，并加强对非银行金融机构的监控，将有助于增强金融部门的韧性。

disinflation：通货紧缩

recapitalization ：资本重组

demonstrated：证明

accumulation：积累

“The authorities should persevere with their ambitious structural reform agenda to strengthen institutions, address governance weaknesses, build climate resilience, improve data quality and address gender gaps. This important work will continue to be supported by capacity development from the Fund and other development partners.”“当局应坚持其雄心勃勃的结构性改革议程，以加强机构、解决治理弱点、建立气候韧性、提高数据质量并解决性别差距。这项重要工作将继续得到基金和其他发展伙伴的能力建设的支持。

resilience：韧性

capacity：能力



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