Suriname can no longer pay interest on loan | Financial


26 million dollars must be paid, but according to the Surinamese information service, the state does not have enough money in hand.

The financial problems are partly caused by the fact that the previous government of Desi Bouterse has given a large part of the government income as collateral to creditors. The country’s financial situation also deteriorated due to the corona crisis. The so-called Oppenheimer loan that must now be repaid also dates from Bouterse’s time.

Chan Santokhi’s new government is in talks with creditors to find a way out. The loan agreement states that Santokhi has thirty days to do this. According to the information service, the government hopes for an “acceptable and just” settlement and is now also working with the International Monetary Fund (IMF) and other international organizations on a lasting solution to the country’s debt problems.


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