KINGSTON, Jamaica — Suriname is entering a post-programme monitoring phase with the International Monetary Fund (IMF) as it prepares for a potentially transformative offshore oil boom later this decade.

The IMF said on Thursday it will close its resident representative office in Paramaribo at the end of April, following the completion last year of the country’s Extended Fund Facility (EFF) reform programme.

The office, established in June 2022 and headed by resident representative Charles Amo-Yartey, was set up to support the implementation of the IMF-backed programme aimed at restoring macroeconomic stability, strengthening public finances and advancing structural reforms.

Suriname successfully completed the EFF in March 2025 after several years of fiscal adjustment and policy reforms intended to stabilise the economy and place public debt on a more sustainable path.

With the programme concluded, the IMF said it will continue engagement with the Surinamese authorities through regular Article IV consultations and a Post Financing Assessment, a framework used for countries with significant outstanding IMF credit after a lending programme ends. The process involves more frequent consultations focused on macroeconomic policies and risks to external viability and repayment capacity.

Future engagement will be led from the IMF’s Washington headquarters and through the Caribbean Regional Technical Assistance Centre in Barbados.

The transition comes as Suriname approaches a critical economic juncture. Large-scale offshore oil production is expected in the medium term and could significantly boost growth and government revenues if managed effectively.

The IMF has previously emphasised that maintaining prudent macroeconomic policies and strengthening governance frameworks will be essential to ensure the anticipated oil windfall translates into sustained economic development.