Suriname News
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AFGHANISTAN, 2016/01/02
World economic increase will be disappointing next year and the outlook for the medium-term has as well deteriorated, the chief of the International Monetary Fund said in a guest article for German newspaper Handelsblatt published on Wednesday.
IMF Managing Director Christine Lagarde said the prospect of rising interest rates in the United States and an economic slowdown in China were contributing to uncertainty and a higher risk of economic vulnerability worldwide.
Added to that, increase in world trade has slowed considerably and a decline in raw material prices is posing problems for economies based on these, while the financial sector in a lot of nations still has weaknesses and financial risks are rising in emerging markets, she said.
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SURINAME, 2015/11/28
For the second time in four years, Suriname has devalued its currency – this time by additional than 20 %, following a drop in the oil and gold prices.
Suriname’s economy is dominated by gold, oil and alumina exports.
The Central Bank has said it will devalue the official exchange rate to 4.00 Suriname dollars to the US dollar. It was before 3.50 to the US dollar.
The bank said that the country’s financial reserves had declined to US$370 million from US$1 billion in December 2012.
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ARUBA, 2015/11/27
The United States Agency for International Improvment(USAID) and the Caribbean Community (CARICOM) today signed agreements that will see nations of the eastern and southern Caribbean benefiting from US$165 million in development assistance.
An estimated US$89 million will target the reduction of youth involvement in crime and violence in target communities, while US$52 million is designated to achieving epidemic control of HIV/AIDS part key populations, and $31 million will go towards reducing the risks to human and natural assets resulting from climate vulnerability.
CARICOM Secretary General Ambassador Irwin LaRocque and USAID Eastern and Southern Caribbean Mission Director, Christopher Cushing, initialled the five-year Development Objective Agreements (DOAGs) at the CARICOM Secretariat in Guyana.
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AFGHANISTAN, 2015/01/20
Low oil prices will not provide a sufficient updraught to dispel the clouds hanging over the world economy, the International Monetary Fund said on Tuesday.
In a sign of its increasing gloom about the medium term economic outlook, the IMF cut its world economic increase forecasts by 0.3 % points for both 2015 and 2016, despite believing cheaper oil represents a “shot in the arm”.
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AFGHANISTAN, 2015/01/20
The richest 1 % are likely to control additional than half of the globe’s total wealth by next year, the charity Oxfam reported in a study released on Monday. The warning about deepening world inequality comes just as the world’s business elite prepare to meet this week at the annual World Economic Forum in Davos, Switzerland.
The 80 wealthiest people in the world all own $1.9 trillion, the statement found, nearly the same all shared by the 3.5 billion people who occupy the bottom half of the world’s gain scale. (Last year, it took 85 billionaires to equal that figure.) And the richest 1 % of the people, who number in the millions, control nearly half of the world’s total wealth, a share that is as well increasing.
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SURINAME, 2013/08/11
Suriname, formerly the colony of Netherlands Guiana or Dutch Guiana, is a country in Northern South America. It has a North Atlantic Ocean coastline in the north and is surrounded by French Guiana to the east, Brazil to the south and Guyana to the west. It is the smallest independent country on the South American continent. The relatively small people lives mostly along the coast.
The travel & tourism industry in Surinam has seen a continuous increase from 107,609 visitors in 2004 to 240,041 in 2012, according to the Tourism Foundation of Suriname (METS). Most tourists arriving in Suriname are from the Netherlands and France, via French Guiana.
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CHINA, 2013/06/27
President Bouterse of Suriname is visiting Beijing to attend the second annual World Peace Forum, a non-governmental high-level forum on international security that is scheduled for June 27 and 28. Chinese President Xi Jinping said bilateral exchanges and cooperation have seen remarkable evolution since the two nations forged diplomatic ties 37 years ago.
Chinese President Xi Jinping said China is ready to work with Suriname to maintain high-level contacts and enhance mutual trust in order to boost bilateral cooperation. Chinese President Xi Jinping said both sides should boost cooperation in the areas of infrastructure construction, energy and resource exploitation, agriculture, forestry, fishery and environmental protection.
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ARGENTINA, 2013/03/13
While Panama's banks held their lead as the biggest banks in Central America, Nicaragua steamed ahead in terms of return on capital and return on assets. HSBC remains the leader of The Banker’s Central American rankings with a Tier 1 capital up by 8.38% to $1.23bn in 2011, the last available financial year.
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ARGENTINA, 2012/02/12
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ARGENTINA, 2011/06/23
According to a May statement by the United Nations Economic Commission on Latin America and the Caribbean (ECLAC), outgoing FDI from the region quadrupled to $43.1 billion, highlighting the growing strength and world presence of Latin America–based multinational companies, known as “Multilatinas.”
