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Inter-American Development Bank approves Surinam Lending Strategy 2011- 2015

IDB News Release

Nov 21, 2011

IDB reaffirms its commitment to strengthen support to Suriname and approves new 2011-2015 Country Strategy
Lending expected to reach US$300 million in this period

The Inter-American Development Bank (IDB) announced the approval by the Board of Executive Directors of the 2011-2015 Country Strategy with the Republic of Suriname, which aims to support the country’s efforts to modernize its public sector, diversify the economy and ensure adequate protection and future investment in human capital.

“This is a unique opportunity to strengthen the IDB support to the country’s development agenda, as the main multilateral partner that is ready and able to provide technical and financial support for the reform and capital investment plans of the Government of Suriname,” said IDB Representative in Suriname, Marco Nicola.

“Lending during this new five-year strategy is expected to increase notably to around US$300 million, from US$103 million in the previous strategy,” added Nicola.

The new Country Strategy is the result of the close cooperation with the authorities to support the priority areas of agriculture, energy, education, financial sector development, public investment management, social protection and transport. Moreover, the IDB will support data generation to facilitate policy making and allocation of resources.

Dialogue will also continue with the Government of Suriname for possible additional lending to strengthen the sectors of water and sanitation, disaster risk management, tax administration, health, private sector development, and natural resources and environmental management.

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