March 5, 2026IMF to Close Resident Representative Office in Suriname

March 5, 2026

Washington, DC: The International Monetary Fund (IMF) will close its Resident Representative Office in Paramaribo, Suriname, effective end-April 2026. The office, headed by Mr. Charles Amo-Yartey, was established in June 2022 to support enhanced engagement following the Executive Board's approval of an Extended Fund Facility (EFF) arrangement for Suriname.

Suriname successfully completed the EFF in March 2025, marking the conclusion of a multi-year program aimed at restoring macroeconomic stability, strengthening public finances, and supporting structural reforms. Program completion reflected sustained policy implementation and progress toward restoring debt sustainability and external viability. Following the end of the EFF, the IMF concluded the 2025 Article IV Consultation with Suriname in January 2026.

Suriname is expected to start large scale oil production in the medium term with the potential to generate significant improvements in living standards for its people. At this critical juncture, the IMF will continue its close partnership with Suriname through enhanced bilateral policy consultations, including through Article IV Consultations and Post Financing Assessments,[1] and through intensive capacity development. This engagement will be led from IMF headquarters in Washington, D.C., and through the Caribbean Regional Technical Assistance Center (CARTAC) in Barbados.

The Fund expresses its appreciation to the Surinamese authorities for their cooperation and hospitality over the years.

[1] At the end of an IMF lending program, a country may be subject to a Post Financing Assessment (PFA). Under the PFA, countries undertake more frequent formal consultations with the IMF than is the case under the IMF's policy advice cycle, with a particular focus on macroeconomic and structural policies, and risks that have implications for the country's external viability. More information on the PFA can be found at https://www.imf.org/en/about/factsheets/sheets/2023/post-financing-assessment-pfa

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