Asis Gajadien, leader of the VHP parliamentary faction, has launched a scathing critique of Suriname’s government over its handling of the recent sale of 7.95% Cash/PIK Notes maturing in 2033. Gajadien asserts that the transaction was executed without adhering to the legal requirements governing the issuance, modification, or repayment of state debt. He emphasizes that all debt operations, whether issuing new bonds or repaying existing ones, must be pre-approved in the National Debt Plan and authorized by a government decree. Gajadien further argues that if repayment is facilitated through new borrowing, such financing must also be included in the Debt Plan beforehand. He deems it unacceptable that these decisions were not discussed with the National Assembly in advance, stressing that transactions impacting public debt should not occur behind closed doors. While acknowledging that the operation could potentially reduce debt if Suriname secures cheaper financing, Gajadien warns of the risks of costlier loans or opaque fees, which could exacerbate the debt burden. The total outstanding amount exceeds USD 693 million, with the tender process in New York concluding today and settlements scheduled for November 4. Gajadien recalls proposals made earlier this year for transparent and structured exploration of such opportunities, which were never acted upon. He criticizes the government’s lack of transparency, which fuels speculation and undermines public trust, and calls for immediate disclosure of transaction details, including amounts, interest rates, and fees. Gajadien warns of requesting an urgent Assembly meeting if the government fails to provide the necessary information, underscoring the importance of transparency in maintaining confidence in Suriname’s debt management.