Suriname says IBC expected to spur socio-economic growth

PARAMARIBO, Suriname — The Suriname government remains hopeful that the upcoming second International Business Conference (IBC) and the inaugural Diaspora Business Summit will drive prosperity and economic growth in the Dutch-speaking CARICOM country.

- Advertisement -

The three-day IBC conference is set to begin on February 4, followed by the first Diaspora Business Summit, which will run from February 7 to February 15.

The first IBC was held in Guyana and the event is being organized by the bilateral Guyana-Suriname Chamber of Commerce that brings together companies from both countries, especially from the oil and gas sector.

However, the focus of the conference goes beyond this sector, with special attention to non-oil sectors such as agriculture, livestock, fisheries, tourism, technology and other services.

Foreign Affairs, International Business and International Cooperation (BIBIS) Minister, Albert Ramdin said he believes that diversification of the economy is essential for the future of Suriname.

“It is important that we do not only depend on oil and gas, but that we also develop the other sectors. This conference offers a unique opportunity to attract international investments, which will lead to employment and stable, sustainable growth of our economy,” he said.

Palooza 728x90

During the IBC, business-to-business meetings will take place, where companies will have the opportunity to do concrete business and forge partnerships. It is expected that companies from various regions, including Southeast Asia, Africa, the Netherlands, America, Trinidad, Guyana and Suriname, will attend the conference. The conference offers a platform to facilitate investments and enter new markets.

Ramdin said that the first Diaspora Business Summit is designed to involve Surinamese entrepreneurs, both in the Netherlands, the United States and other parts of the world, in the economic development of their home country.

“The diaspora has an important role to play in the future of Suriname. We want to mobilize the capacities, networks and knowledge of our diaspora to strengthen economic growth,” Ramdin said, noting that interest in Suriname is growing worldwide.

- Advertisement -
Uber Free Rides 728x90

“We want to strengthen our ties with the international community and invest in a sustainable future for our society. This is the beginning of a mindset shift that will take Suriname to new heights,” he added.

 

More Stories

Jamaica hurricane melissa

Caribbean countries move closer to accessing US$250M climate loss and damage fund

Caribbean countries are now better positioned to access millions of dollars in climate grant financing aimed at strengthening resilience and addressing losses and damages...

Bermuda earns Positive outlook from KBRA amid economic gains

The Government of Bermuda has welcomed a new ratings decision from Kroll Bond Rating Agency (KBRA), which affirmed the island’s long-term issuer ratings at...

Tax reforms drive higher revenues across Latin America and the Caribbean in 2024

Tax revenues increased in more than half of Latin America and the Caribbean in 2024, with countries implementing major reforms recording the strongest gains,...
Caribbean Investment Summit

Saint Lucia hosts Caribbean Investment Summit amid focus on CBI future

Saint Lucia is hosting the 2026 Caribbean Investment Summit (CIS26) from May 6-9, bringing together regional leaders, Citizenship by Investment (CBI) officials, development banks,...

Guyana-Brazil trade surges to US$1 billion as economic ties deepen

Guyana’s trade relationship with Brazil has expanded sharply, rising from about US$58 million in 2020 to an unprecedented US$1 billion in 2026, according to...
western union remittances

Diaspora urged to move from remittances to strategic investment in Jamaica

The Jamaican diaspora was urged to shift from traditional remittances toward long-term, strategic investment in national development as Jamaica’s Ambassador to the United States,...
Hurricane Melissa Jamaica

IDB and CDB partner to boost resilience in residential infrastructure for Caribbean families

Caribbean governments have begun coordinated efforts to retrofit existing homes against increasingly severe hurricanes, flooding, and other climate hazards. The initiative, announced last week...

Caribbean Development Bank appoints Gillian Charles-Gollop as Vice President

The Caribbean Development Bank (CDB) has appointed finance executive Mrs. Gillian Charles-Gollop as Vice President, Corporate Services, effective May 1, 2026. With more than 30...

KFC Jamaica reinforces Child Month support with JMD$1 million contribution amid focus on mental health

Restaurants of Jamaica, through its flagship brand KFC, has reaffirmed its commitment to the nation’s youth with a $1 million contribution to Child Month...
businesses

The rise of solopreneurship: Tools you need to succeed

Working solo used to mean working small. A one-person operation was, by definition, a limited one. That assumption no longer holds. The combination of...

Latest Articles