For development of the Local Private
Sector in Suriname
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Index

History

Strategy

Action Plan

Expected Results
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Short History

19.05.1999: Joint vision about the development of the
business (ASFA, VSB, KKF)

11.09.2000: establishment of SBF by the minister of Trade
and Industry

25.05.2005: Approval of the draft law SBF by the Council of
Ministers

18.10.2006: Approval of the Law SBF by Parliament

01.06.2007: SBF operational

01.05.2008: SBC (executive office of SBF) operational
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Lessons learned:
No Change=stagnancy=no progress
World Bank Ease of Doing Business
Ranking
Belize
Guyana
Jamaica
St Lucia
T’dad& Tob.
SURINAME
2011 2010 2009 2007
99
93
78
56
100
101 105 136
81
79
63
50
53
45
34
27
97
95
80
59
161 160 146 122
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Objectives SBF

Platform for Public – Private Dialogue for
Development of the Local Private Sector
(LPS) in Suriname

Creation of favorable conditions for the LPS

Formulation and implementation of a
National Strategic Action Plan for the
development of the LPS
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SBF platform for dialogue
SBF MEMBERS
Business / Employers
Associations
VSB
ASFA
KKF
Civil Society
Organizations
Government
Institutions
HI
FIN
J&P
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LVV
WBG
ADEK
RAVAK
SUR
The role of the Public and Private
Sector as well as the Business
Organisations

Public sector:
Regulator, facilitator and promoter:
 Stimulation of entrepreneurship
 Creation of a favorable investment climate

Private sector:
Motor of the economy:
 Creation of employment
 Sustainable economic growth

Business Organizations:
Represent and/or look after the issues:
 of enterprises
 institutional consolidation
 capacity building
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Contribution Public and Private
Sector organizations
IN THE STRATEGIC ACTION PLAN 2011 – 2015:

Assertive and committed joint implementation of actions

Effective participation on dialogues within the platform

Creating facilities and extend resources

Pro-active stimulation i.e. promotion

Mutual associated adjustment

Take responsibilities and proceed accordingly
Performance SBF/SBC for the LPS

EU project executed from 01.01.2008 – 30.06.2010

Formulation National Strategy for development of the LPS 2010 – 2010

Formulation National Strategic Action Plan 2011 – 2015 for the creation of a favourable
business climate

Workshops, Seminars, Trainings etc. accomplished by SBF/SBC for the LPS

Reform of permits for businesses and professions

Exemption from import duties on capital goods

Simplification of the establishment of Limited Liability Companies

Exemption from import duties on ICT equipment

Initiative for formulation of the Economic Development Plan / Business Climate Reform
(Long Term Integrated Industrial Plan)

Contribution to the Development Plan 2012 – 2016

{Contribution to the promotion of Suriname at the commencement of the Embassy of
Suriname in Paris (2011)}
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Our Aspirations
The Local Private Sector,
mainly active in sustainable
growth sectors, is the most
competitive in the
CARICOM in 2020
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National Strategy 2010 – 2020

Gradually expansion of the Surinamese
economy:
 Focus on sustainable growth sectors

At least 50% of the revenues from the
exhaustive miningsector, allocated for:
 Efficient absorption for concrete implementation
of development programs in sustainable growth
sectors

Export orientation:
 A combination during transition instead of import
substitution
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Conditions

Capacity building:
 Public and private sector and business organizations

An efficient government:
 Focused on innovative development of the LPS

Growth and development of entrepreneurship

Integrated procedures for innovative economic
development
 Long term integrated industrial program
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National Strategic Action Plan (NSAP) 20112015

Six Core Areas: total 88 actions
Core Area
Objective
Priority
Indicator/Target
I. Rules and Regulations
for the LPS
(Total 24 actions)
Improved Legal Framework
for the LPS
High level Legal Steering
Committee in 2012
Legal Data base in 2013
Annually a minimum of 20
adopted and published
acts
II. Domestic Direct
Investments and Foreign
Direct Investment
(Total 18 actions)
Increased Domestic and
Foreign Investments
Suriname Investment
Promotion and Export
Agency established in 2012
Annually increase of DDI
with a minimum of 10% and
FDI with a minimum of 5 %
III. Competitiveness of the
LPS
(Total 17 actions)
Increased Competitiveness
Establishment of 2
sustainable functioning 2
clusters in 2012
Annually increase of
exports with a minimum of
10%
IV. Sustainable growth
sectors
(Total 8 actions)
Developed sustainable
(growth) sectors
Formulation and Execution
of a Long Term Integrated
Industrial Program in 2012
Annually increase of
production and export
from (growth) sectors with
a minimum of 5%
V. (Business) Services for
the Local Private Sector
(Total 14 actions)
Improved (business)
services
Simplification of “Doing
Business” in Suriname in
2012
E-government and EServices at BSOs
operational by 2012
Single Electronic Window –
ESW operational by 2014
VI. Public and Private
Dialogue (PPD)
(Total 7 actions)
Improved dialogues
To initialize, encourage and
evolve continuos effective
and efficient dialogue
Annually a minimum of 4
effective PPDs
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Core Area I:

Objective: Improved Legal Framework for the
LPS

Priority 1: Legal Steering Committee and Legal
Database
Activity
Trigger
Legal Steering Committee
operational en Legal Database
started in Q3-2013. "Ongoing
process"
Preparation and establishment of SBF
Legal Steering Committee and
Legal Database

Indicator / target
See the NSAP 2011-2015 for the remaining 23
activities
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Core Area II:
 Objective:
Increased Domestic and
Foreign Investments

Priority 1: Investment and Export Promotion
Agency
Activity
Establish and operationalize of
Suriname Investment and Export
Promotion Agency (SIEPA)

Trigger
Ministry Finance/ Trade
and Industry
Indicator / target
-SIEPA established in 2012
- FINPYME program
implemented (capacity building
of already exporting companies
and companies with export
potential)
See the NSAP 2011-2015 for the remaining
17 activities
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Core Aea III:

Object: Increased Competitiveness

Priority 1: Capacity building of the LPS
Activity
Capacity building of relevant
stakeholders

Trigger
Ministry Finance / Trade and
Industry
Indicator / target
Annually a minimum of 2
realised trainingsprograms
See the NSAP 2011-2015 for the remaining
16 activities
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Core Area IV:

Objective: Developed sustainable (growth)
sectors

Priority 1: Execution of development
programs in sustainable growth sectors
Activity
Trigger
Active contribution to the
Ministry Finance
formulation and execution of
strategic development programs
for the (growth) sectors
(Development Program 2012-2016)

Indicator / target
Annually a minimum of 2
development programs executed ,
based on the Long Term
Integrated Industrial Plan
See the NSAP 2011-2015 for the remaining 7
activities
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Core Area V:

Objective: Improved (business) services

Priority 1: Simplification of “Doing Business”
in Suriname
Activity
Trigger
Preparation and Execution of
Ministry Trade and Industry
“Ease of Doing Business” project

Indicator / target
Operational en functioning
E-government in 2012.
The “Ease of Doing Business
ranking" will be between 100
and120 in 2012. In 2013 below
100. DDI en FDI in 2015 increased
with a minimum of 15%.
Annually increase of registered
companies at the Chamber with
a minimum of 10%.
Single Electronic Window – SEW
operational in 2014
See the NSAP 2011-2015 for the remaining 13 activities
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Core Area VI:
 Objective:

Improved dialogue
Priority1: Creation of a broad supporting area
for the execution of the National Strategy
Activity
Trigger
Indicator / target
Annually a minimum of 3 PPDs
functional
Plan a dialogue structure
SBF
between all relevant partners and
stimulation of dialogue
 See
the NSAP 2011-2015 for the
remaining 6 activities
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Expected Results







C1: Legal Steering Committee operational
C2: Functioning Investment and Export
Promotion Agency
C3: Reinforced capacity of public and
private sector and businesses
C4: Clusters developed: Agricultural
sector / Agro industry – Tourism
C4: Implementation programs for 3
sustainable growth sectors in execution
C5: Operational E-Government and SEW
C6: Efficient dialogue – PPDs
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Conditions
CORE VALUES: CODE OF CONDUCT

Integrity

Customer Directed

Professionality

Innovation

Commitment

Responsibility

Leadership
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Target 2013

SURINAME in de top 90 of the
Worldbank Ease of Doing Business
Ranking

SUSTAINABLE EMPLOYMENT for a
minimum of 80% of the labour force

RELEVANT FOOD SHED of the
Caribbean region

MORE EXPORT than import
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Missing enforcer – to date!
Exclusively
 The Will
 The Guts
 The Authorisation
of the HIGHEST
POLITICAL
LEAD in
Suriname
can guarantee SUCCESFULL
IMPROVEMENTS
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Closing Remarks

Less words, More ACTIONS.

Implementation of reinforcement in the Civil
Service

Government Investments for improvement of
the business environment
 Are stimulating growth and innovative
development of the Surinamese economy

The Public – Private Sector as well as
Businesses must take their responsibilities OWNERSHIP
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THAT is the
difference!
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Questions

For more information:
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www.sbc.sr
SBC, Executive Office SBF
Hofstraat 1, 4th Floor
471521
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