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Latest articles in Suriname

Limited number of sovereign defaults so far in 2021 defies expectations

Over halfway through the year we take stock of sovereign bond defaults so far, as an update to our sovereign defaults in 2020 piece published in December (see here). Alternatively, if we include episodes of consent solicitation to defer payments, we ...
Tellimer Research Stuart
Stuart Culverhouse @ Tellimer Research 9 August 2021
Limited number of sovereign defaults so far in 2021 defies expectations
Limited number of sovereign defaults so far in 2021 defies expectations

IMF approves historic US$650bn SDR allocation

A US$650bn general SDR allocation has finally been agreed by the IMF, after the last hurdle to its implementation, approval by the Fund’s Board of Governors, was granted yesterday (see statement). The IMF MD, Kristalina Georgieva, called it a histori...
Tellimer Research Stuart
Stuart Culverhouse @ Tellimer Research 3 August 2021
IMF approves historic US$650bn SDR allocation
IMF approves historic US$650bn SDR allocation

Suriname: Bondholders trigger termination clause – implications

The Creditor Committee, representing holders of the Republic's 2023 and 2026 bonds, announced on 14 June that they have exercised the Termination Trigger, a clause that was contained in the most recent consent solicitation launched in March, after ga...
Tellimer Research Stuart
Stuart Culverhouse @ Tellimer Research 18 June 2021
Suriname: Bondholders trigger termination clause – implications
Suriname: Bondholders trigger termination clause – implications

Central bank monetisation raises risk of inflation and currency crisis

Recently, we analysed changes in non-resident and bank holdings of domestic government debt to see how emerging (EM) and frontier (FM) markets have financed their budget deficits post-Covid. This piece will analyse the extent of central bank financin...
Tellimer Research Patrick
Patrick Curran @ Tellimer Research 10 June 2021
Central bank monetisation raises risk of inflation and currency crisis
Central bank monetisation raises risk of inflation and currency crisis

Suriname: Proposed restructuring terms surprise with large haircut

The Republic of Suriname presented its proposed restructuring terms in an investor update yesterday, outlining its plans for the bonds, official bilateral creditors and domestic debt. With the offer valued at some 45pts below current prices (for the ...
Tellimer Research Stuart
Stuart Culverhouse @ Tellimer Research 3 June 2021
Suriname: Proposed restructuring terms surprise with large haircut
Suriname: Proposed restructuring terms surprise with large haircut
Weekend Reading / Global

Covid scenarios for LatAm & the Caribbean and their valuable wider lessons

Latin America and the Caribbean (or LAC) has suffered terribly from Covid. In this sense, scenarios work as a set of possible alternatives for which it is wise to prepare. These scenarios paint three very different pictures of LAC in 2025, and they a...
Tellimer Research Paul
Paul Domjan @ Tellimer Research 22 May 2021
Covid scenarios for LatAm & the Caribbean and their valuable wider lessons
Covid scenarios for LatAm & the Caribbean and their valuable wider lessons