New online event for Caribbean Council Members. Suriname – The Next High Growth Market. Wednesday, 9th April at 4.00pm (BST).
We are delighted that distinguished senior business leader and British Honorary Consul, Kathleen Healy has agreed to make a presentation to our members together with her colleague, Patrick Healy, the Group CEO of Consolidated Industries Corporation; and to then join us for questions and discussion.
We are also very pleased that we will also be joined for the event by HE Jane Miller OBE, British Ambassador to Suriname.
Our Premier and Major Investor Group Members will have the opportunity to speak with our speakers privately for five to ten minutes following the group discussion.
Discover more about Suriname:
After a period of economic instability, Suriname is now completing a comprehensive structural reform in partnership with the IMF which is quickly resulting in an economic turnaround. Forecast economic growth of 3%, single digit inflation, and reducing debt costs are all coming into place, as robust institutional frameworks including fiscal rules and transparency and accountability are instituted.
These reforms come across a backdrop of a transformation in Suriname’s economic fortunes following the discovery of commercial oil and gas reserves in 2020 and the decision by Total in October 2024 to start commercial development of their blocks. Reported oil and gas reserves are substantial, positioning Suriname as a significant future player in the energy sector alongside its neighbour, Guyana.
Oil Reserves: Estimates suggest that Suriname has approximately 2.4 billion barrels of crude oil reserves, according to Wood Mackenzie. Since 2020, explorers have discovered about 2.2 billion barrels of oil equivalent (boe) in recoverable resources.
Gas Reserves: The country’s natural gas reserves are estimated at 12.5 trillion cubic feet (tcf) by Wood Mackenzie.
Suriname will have national elections on 25th May 2025 to form the next Government to guide the country through this exciting time in its history.
Members Join Us: If you are interested in registering for this event – please check your emails for your invitation or kindly contact Tracey on team@caribbean-council.org
