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Suriname government defends IMF loan

Published:Tuesday | May 17, 2016 | 5:47 PM
Several persons took to the streets in Suriname last weekend protesting the government’s economic policy.

PARAMARIBO, Suriname (CMC):
The Suriname government says it will continue with the policies outlined by the International Monetary Fund (IMF) after thousands of people took to the streets last weekend protesting the government’s economic policy and calling on it to resign.

In a statement, the Desi Bouterse government said “we will continue on the IMF path we are on” and insisted that the standby arrangement it has with the Washington-based financial institution is crucial to dealing with the economic crisis the country is facing.

Last Friday, thousands of workers and opposition legislators took to the streets to protest the latest hike in electricity rates.