Suriname central bank signs deal to end monetary financing

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The Central Bank of Suriname (CBvS) on July 2 signed an agreement with the finance ministry to end monetary financing of the country’s budget deficit.

The deal is meant to help the country secure a $690 million International Monetary Fund loan, as part of measures to tackle a debt load far exceeding GDP.

The accord “formalised” a policy of refraining from monetary financing. The central bank said it had already ended monetary financing in practice in July 2020, when the current government of

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