This debt crisis in Suriname highlights the complexities of global finance today. Suriname’s debt crisis has had direct consequences for its citizens, particularly those in impoverished neighborhoods like Sunny Point. Suriname’s history of colonization and reliance on foreign investments, such as the American aluminum industry, has contributed to its current debt crisis. However, the government under former leader Dési Bouterse renounced the program, and the country’s debt crisis continued to worsen. According to a report by Nytimes.com, it is evident that Suriname’s debt crisis is a consequence of both global crises and geopolitical conflicts.

Source: New York Times June 27, 2023 09:12 UTC