Suriname has had the first success in its efforts to re-arrange the country’s huge foreign debt with creditors after announcing that the Paris Club had agreed to restructure the more than US$100 million debt after months of intense negotiations.
President Chandrikapersad Santokhi told Parliament on Thursday that the parties have agreed that Suriname will pay US$34 million less in interest and principal over the next three years and as a result, this would greatly benefit the population.
Suriname’s debts have been rearranged with the Netherlands, Italy, France, Sweden, and Israel.
The country’s total debt is currently US$3.2 billion
Readers Bureau, Contributor
Edited by Jesus Chan
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