Suriname President announces action plan to improve business climate

President Jennifer Simons has announced the development of a concrete action plan aimed at improving the business climate in Suriname. The initiative, to be created in collaboration with the Suriname Business Forum (SBF) and relevant ministries, seeks to bridge the gap between policy intentions and actual implementation.

A primary focus of the plan is to accelerate the licensing process to allow entrepreneurs to begin activities more quickly and to improve access to financing. The administration aims to reduce bureaucratic hurdles to stimulate the establishment of new companies and increase employment opportunities.

Simons emphasized that economic growth must translate into societal benefits, such as job creation and improved household incomes, rather than just increased state revenue. As Suriname anticipates significant revenue from its oil and gas sectors, the president noted the necessity of using these resources to build a stronger, more diversified economy through targeted policy and good governance.