Suriname’s economy has been dominated by the mineral and energy sectors (gold, oil, and alumina) which account for approximately 30% of GDP. Overall, the medium-term economic outlook for Suriname is favorable.
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Suriname has emerged as one of the
Caribbeans best performing economies over the last decade,
but poverty remains high, especially in the interior areas.
An economic... Show More + model concentrated on enclave-based extractive
industries with limited spillovers to the local economy has
constrained progress in fostering shared prosperity and has
increased economic volatility. Weak governance and
institutional capacity in the public sector, and an
unfavorable business climate, have further dampened
prospects for growth and job creation. The overarching goal
of the CPS program is to support Surinames efforts to
promote a more sustainable, inclusive, and diversified
growth model through two areas of engagements: i) creating a
conducive environment for private sector development, and
ii) reducing vulnerability to climate change-related floods.
The program also includes one cross cutting theme: namely,
improving capacity to measure and analyze data on poverty
and gender to support evidence-based policy-making, in
particular with regard to how the engagement can have an
impact on the goals of reducing poverty and boosting shared prosperity. Show Less -