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[SITUATION] · [QUIET] · [BUSINESS]
2 clusters · 2 sources · 19 days · First seen · Last updated
Suriname economic and resource management policy
Overview
Suriname is experiencing various legislative and policy discussions aimed at economic development and resource management.
Initial efforts focused on diaspora engagement and investment reform. The government established a Diaspora Engagement Policy and a 2024–2029 action plan to facilitate knowledge transfer from overseas citizens. Simultaneously, business groups advocated for a new Investment Law and the creation of the Suriname Investment and Trade Agency (SITA), citing a need for transparent criteria and legal certainty to prevent arbitrary treatment of investors.
More recent developments involve legislative proposals from the Democratic Nationalist Party (DNL) regarding natural resource management. These proposals include the establishment of a Sovereign Wealth Fund to manage oil, gas, and gold revenues for long-term financial stability. Additionally, the DNL has proposed Local Content regulations to mandate that foreign investors utilize local businesses and workers, alongside measures to address Transfer Pricing.
Entities
Suriname · Jennifer Geerlings-Simons · World Bank · De Nieuwe Leeuw · Suriname Investment and Trade Agency (SITA)
Timeline
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17 days ago
[POLITICS] 2 sourcesSuriname: DNL proposes laws for Sovereign Wealth Fund and Local ContentThe DNL party has proposed new laws in Suriname to establish a Sovereign Wealth Fund and implement Local Content policies to manage oil, gas, and gold revenues sustainably.
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about 1 month ago
[BUSINESS] 2 sourcesSuriname seeks concrete action on diaspora expertise and new investment lawSuriname urges concrete use of diaspora expertise and calls for a new Investment Law and agency to ensure transparent, performance‑based investment incentives.
Sources
gfcnieuws.com · surinamenieuws.nl