Suriname has witnessed a significant enhancement in its investment climate over the past year, driven by economic reforms, rising investor confidence, and growing foreign interest, particularly in the energy sector. This is highlighted in the 2025 Investment Climate Statements: Suriname, published by the U.S. Department of State. The report underscores a breakthrough in offshore oil development, with TotalEnergies and APA Corporation spearheading a USD 10.5 billion project set to commence production by 2028. Other major oil companies, including Chevron, Petronas, Shell, and PetroChina, are also active in Suriname’s concessions. In the gold mining sector, Newmont and Zijin dominate as the largest legal operators, with taxes from the regulated gold industry contributing approximately 80% of state revenues. The successful completion of the IMF’s Extended Fund Facility (EFF) program in March 2025 has stabilized the macroeconomy, with economic growth hovering around 3% and inflation dropping below 10% from a peak of 60% in 2021. The government has also restructured external debt through agreements with the Paris Club and China. Key reforms include the independence of the central bank, modernization of the currency framework, and the introduction of VAT in 2023. Additionally, a new procurement law, accounting act, and sovereign wealth fund act were enacted to enhance transparency. However, challenges persist, including opaque approval processes for foreign direct investment, corruption risks, stringent labor protections, and a high corporate tax rate of 36%. The report emphasizes that sustained institutional reforms, macroeconomic stability, and infrastructure investments are crucial to maintaining investor interest.
VS: Surinaams investeringsklimaat verbetert; hervormingen en olieproject stuwen vertrouwen
