The Surinamese government is developing a comprehensive structural program to train and mentor young entrepreneurs, with President Jennifer Simons announcing collaborative efforts with the Inter-American Development Bank (IDB) during Saturday’s Entrepreneurship Fair & Bazaar at the Congreshall. Existing institutions have already initiated training programs as part of this national initiative.
President Simons emphasized the critical importance of providing youth with economic development opportunities to prevent cycles of poverty. She stated that sustainable entrepreneurship requires robust support through training, skill development, and continuous guidance. “Young people must be given the space to excel in their chosen fields,” Simons declared during her address.
The event, organized by the RUMAS Foundation under Emmy Hart’s leadership and themed ‘Dream to Goal,’ focused on promoting self-employment among young Surinamese. The president commended the organization’s efforts, describing the participation of young trainers and attendees as “encouraging and hopeful.”
Multiple government agencies are already implementing support measures. The Foundation for Labor Mobilization & Development (SAO) has commenced training sessions, while the Foundation for Productive Work Units (SPWE) requires further strengthening. The Ministry of Youth Development and Sports has also scheduled educational activities. Additionally, the government plans to establish a specialized institute next year to guide aspiring entrepreneurs through partnerships with private sector entities and existing community organizations.
President Simons highlighted that well-prepared entrepreneurs will be positioned to capitalize on emerging opportunities as Suriname’s oil and gas sector develops further. She urged young entrepreneurs to persevere and continue their education despite business challenges.
The fair featured presentations from four entrepreneurial groups representing hairstylists, textile workers, landscapers, and pastry chefs. The Volkscredietbank (VCB) provided information about affordable loan options, while RUMAS director Hart announced new training programs for canteen management, car wash businesses, and construction sectors.
Participant Kelvin Paiman, a hairstylist, described the event as a significant motivational boost. “My hobby has become my profession,” he stated, noting that such initiatives help eliminate doubts among youth considering business ventures.