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Seeking to change its fortunes, oil-rich Suriname votes

  • Suriname will hold parliamentary elections on Sunday to choose a government that will govern for the next five years.
  • This vote follows economic challenges including high debt, inflation, and austerity, alongside newly discovered offshore oil reserves promising future wealth.
  • Fourteen parties participate, with no clear frontrunner; incumbent Chan Santokhi seeks a second term but faces criticism over IMF-mandated tax hikes and spending cuts.
  • The president announced a 'Royalties for Everyone' program starting with a $750 payment per citizen deposited into savings earning seven percent interest to share oil revenues.
  • Experts say the election outcome will shape how Suriname manages its oil wealth and economic transformation amid political uncertainty and historic social diversity.
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Seeking to change its fortunes, oil-rich Suriname votes

Suriname votes in parliamentary elections Sunday that will determine who oversees efforts for the next five years to transform the fortunes of one of South America's poorest nations with giant oil reserves.

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Caribbean News Global broke the news in on Monday, May 19, 2025.
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