Weak institutional capacities—such as in the area of debt management—that hinder effective policy implementation. Heavy dependence on commodities, with oil, alumina, and gold accounting for more than 90% of goods exports as of year-end 2010. Rising inflation as a result of large public-sector wage increases, currency devaluation, a fuel tax increase, and more expensive food and energy imports. A low debt burden, with net general government debt to GDP at 18%, which is less than half of the 'B' median. Improving external indicators as a result of higher foreign direct investment and current account receipts bolstering international reserves. The ratings on the Republic of Suriname reflect the country's improving macroeconomic fundamentals, with robust medium-term growth prospects, a solid debt position
