capital, the former Dutch colonial town
of Paramaribo, exports bauxite, sugarcane,
rice, cacao, rum, and tropical woods.
Boosted by a global boom in commodity prices
and increased investment in the gold and bauxite
sector, Surinames economy has expanded
tremendously in the past few years. Negative
growth has been turned around to an increase
in GDP of almost 5 percent in 2005, with a similar
rise forecast for this year. The Surinamese
dollar was successfully launched last year,
and the privatization program is on track.
President Ronald Venetiaan says, A country
with such unexploited resources should be like
heaven on earth for investors and tourists alike.
The re-election of President Venetiaan last
year has reinforced political stability, a key
factor for Surinames development.
If we stay on course with this administration,
then we can make good progress in the upcoming
five years," says André Telting,
Governor of the Central Bank. The major
opportunities are in the mining sector, where
there are different ores, not only bauxite,
gold, or oil. Then we have the fishery and the
lumber sectors to develop. We also need to upgrade
our traffic, airport, and seaport systems."
Minister of Natural Resources
Located on the Guyana shield on the northern
edge of South America, Suriname is rich in minerals
and biological diversity. One of the largest
producers of bauxite, it is blessed with huge
untapped oil reserves, together with gold, diamonds,
timber and water. It is a land of breathtaking
natural beauty80 percent of its territory
is rainforestwith major potential for
the development of eco-tourism.
Gregory Rusland, Minister of Natural
Resources, says efforts are being made to support
new industries. He points out, "We have
to find strategies to increase energy generation,
not only for the population, but also for the
Environmental management is going to be very
important, and the minister affirms, "We
should be very careful in exploiting these minerals
because what we have to work towards is sustainable