There are several important development projects in Suriname that are currently taking place to help the country positively progress. The United Nations Development Programme, the Caribbean Development Bank and the Inter-American Bank all currently have active development projects in Suriname.
Suriname’s economy is dependent on mineral resources such as oil, gold and bauxite as well as natural resources, due to the fact that four-fifths of the country is covered by tropical rainforest. The country as a whole, however, still needs help to keep its economy from faltering and to improve climate control.
The UNDP’s Projects
The United Nations Development Programme (UNDP) is one of the organizations that has implemented different development projects in Suriname to assist in the country’s needs when it comes to climate change. The UNDP currently has three active development projects in Suriname called National REDD+ Strategy, Suriname Global Climate Change Alliance and Strengthening the National Assembly of Suriname.
The National REDD+ Strategy project’s purpose is “to ensure success in continuing to preserve Suriname’s natural capital, enhance the value of forest-related services and benefits for its peoples and contribute to the international fight against climate change and the preservation of healthy ecosystems.”
The Suriname Global Climate Change Alliance project’s purpose is to support Suriname in improving its current climate change adaptation and mitigation efforts by providing more knowledge on the effects of climate change and developing tools that target adaptation measures, as well as strengthen capacities for mangrove conservation.
The Strengthening the National Assembly of Suriname project’s purpose is to provide best practices in parliamentary development, good governance, policy guidance and initiate capacity building initiatives.
The CDB’s Projects
The Electricity System Upgrade and Expansion Project is another development project in Suriname that has been created by the Caribbean Development Bank (CDB) and the government of Suriname. The project’s objective is to deliver a more reliable, efficient and sustainable electricity supply in Suriname.
When discussing the importance of the project to Suriname, Vice President of Suriname Ashwin Adhin said, “Our government will leave no stones unturned to achieve the objectives necessary to improve the energy sector. We will do this together with CDB and other important people and institutions.”
The IDB’s Projects
Inter-American Development Bank (IDB), which is the largest source of development financing for Latin America and the Caribbean, has also partnered with Suriname to create a developmental project to assist the country’s needs. The IDB Group Country Strategy with Suriname 2016-2020 project’s objective is to support Suriname’s economic stabilization.
This project is complemented by a longer-term view on modernization of the public and private sectors in the country. Reducing subsidies, lowering public spending while protecting the social safety net, strengthening public administration and strengthening human capital are all important parts of the project’s focus.
Development projects in Suriname like the ones these organizations are implementing will continue to help the country of Suriname in its goal to become a thriving country.
– Kennisha L. Crawford