Taiwan News
IDB announces $40 million loan for Suriname
Edited by : AL CIRCLE
1 min read
The Inter-American Development bank has approved a $40 million loan to boost Suriname's financial sector.
IDB team leader Frank Nieder says the economy of the South American country has grown in the past five years and that the loan will help accelerate that growth.
The loan announced Friday is the first of three totaling $70 million and will be managed by the Central Bank of Suriname.
Suriname's economy is based on its mining industry, with gold, oil and alumina dominating 85 percent of its exports and representing 25 percent of government revenues.
IDB team leader Frank Nieder says the economy of the South American country has grown in the past five years and that the loan will help accelerate that growth.
The loan announced Friday is the first of three totaling $70 million and will be managed by the Central Bank of Suriname.
Suriname's economy is based on its mining industry, with gold, oil and alumina dominating 85 percent of its exports and representing 25 percent of government revenues.
Previous article
Rio Tinto subsidiary fined $160,000 over spill
Next articleOrbite Aluminae names Yves Noël as VP sales and marketing
Grow with
AL Circle
