Washington, D.C., September 2, 2011—IFC,
a member of the World Bank Group, announced today that the Republic of
Suriname became its 183rd member.
Suriname is the 14th Caribbean
country to join IFC. Its IFC membership was recommended by IFC’s
Board of Directors. The country was already a member of the World
Bank’s International Bank for Reconstruction and Development.
“Suriname looks forward to IFC’s support
in identifying investment opportunities and advisory services that can
help the country advance in its development and modernization agenda,”
said Gillmore Hoefdraad, Governor of the Central Bank of Suriname, who
signed the IFC Articles of Agreement to ratify the country’s membership.
Vishnu Dhanpaul, member of the Board
and Alternate Executive Director for Brazil, Colombia, Dominican Republic,
Ecuador, Haiti, Panama, Philippines, Suriname, and Trinidad and Tobago,
said: “The private sector in Suriname is an important engine of
growth, jobs, and development, and will be able to greatly benefit from
IFC’s knowledge and financing. This will have a positive impact in creating
opportunities for the people of Suriname.”
Suriname, located on the northern coast
of South America, has a population of about 500,000. Its economy
is dominated by extractive industries and agribusiness. Suriname
is a member of the Caribbean Community and Common Market.
IFC Vice President Rashad Kaldany, who
signed the articles on behalf of IFC, said: “We welcome Suriname’s
membership as it culminates a dialogue between the government of Suriname
and IFC about the potential role of the private sector in the country’s
social and economic development. We look forward to a fruitful and
IFC, a member of the World Bank Group,
is the largest global development institution focused exclusively on the
private sector. We help developing countries achieve sustainable growth
by financing investment, providing advisory services to businesses and
governments, and mobilizing capital in the international financial markets.
In fiscal 2011, amid economic uncertainty across the globe, we helped our
clients create jobs, strengthen environmental performance, and contribute
to their local communities—all while driving our investments to an all-time
high of nearly $19 billion. For more information, visit www.ifc.org.