The issuer credit rating on the Republic of Suriname reflects its improving medium-term economic prospects, which are the result of new investment projects in the bauxite, gold, and oil sectors. Recently started and imminent projects are expected to generate more fiscal revenue, increase export receipts, and provide a boost to employment. There has also been progress in tightening monetary policy, which has resulted in lower inflation, the near convergence of official and market exchange rates, and improved regulation of the financial sector. On the other hand, the ratings also reflect a weak policy execution, which is a result of the traditionally high political fragmentation, vested interests, and the slow-moving nature of the ruling coalition. Although certain progress has been achieved
