On Suriname Oil Development IMF Answers Press on Loose Fiscal Policies Amid Others Qs

On Suriname Oil Development IMF Answers Press on Loose Fiscal Policies Amid Others Qs by Matthew Russell Lee, Patreon Substack SOUTH BRONX / SDNY, Feb 19 – A year after the failure of Silicon Valley Bank and Signature Bank, the International Monetary Fund was warning of more trouble, just as NYCB teetered. Inner City Press on March 7, 2024 asked the IMF about it, video here.      Now in February 2026, Inner City Press had questions for the IMF ranging from Suriname to Kenya, Yemen and France to crypto and El Salvador. The IMF has answered this question on Suriname: Inner City Press: on Suriname, how have recent energy discoveries impacted the IMF's view of the country's prospects? An IMF Spokesperson:  Production from the new oil development project - block 58 - is on track to commence in 2028. This project has the potential to generate significant revenue and improve living standards. But, to do so, there is an urgent need to improve governance and build institutions to manage these gains, invest in infrastructure; improve health, education and social outcomes; preserve macroeconomic stability; and avoid the so-called resource curse. There could be further developments of other offshore oil and gas fields. However, overly loose fiscal and monetary policy, risks further eroding hard-won gains in macroeconomic stability of the last few years. You can find more about the country’s prospects and challenges is contained in The Staff Report for the 2025 Article IV Consultation, which was published earlier this month.   On crypto back on May 16, 2024 Inner City Press asked the IMF in writing, "On Nigeria and crypto, what is the IMF's comments on reports that the IMF 'commended the Nigerian regulatory bodies’ handling of crypto-related cases, evident in the ongoing legal dispute between the Nigerian government and the world’s largest exchange, Binance'? Including the arrests?" The IMF to its credit answered on May 17, 2024, attributable to an IMF spokesperson: "We cannot comment on ongoing legal actions in a member country. While crypto assets purport significant advantages for users in terms of speed and cost-effectiveness, these have not yet materialized. Further, they can also be used for illicit purposes. Global crypto trading platforms that want to operate in Nigeria should be registered or licensed in Nigeria and subject to the same regulatory requirements applicable to other financial intermediaries.” Watch this site. *** Your support means a lot. As little as $5 a month helps keep us going and grants you access to exclusive bonus material on our Patreon page. Click here to become a patron. Feedback: Editorial [at] innercitypress.com SDNY Press Room 480, front cubicle 500 Pearl Street, NY NY 10007 USA Mail: Box 20047, Dag Hammarskjold Station NY NY 10017 Reporter's mobile (and weekends): 718-716-3540 Other, earlier Inner City Press are listed here, and some are available in the ProQuest service, and now on Lexis-Nexis.  Copyright 2006-2023 Inner City Press, Inc. To request reprint or other permission, e-contact Editorial [at] innercitypress.com