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Suriname once known as Dutch Guiana is one of
South America's smallest countries. It enjoys a
relatively high standard of living but also faces
serious political and economic challenges.
Since independence
from the Netherlands in 1975 Suriname has endured
coups and a civil war. Former military strongman
Desi Bouterse dominated politics for much of the
post-independence era but the country is now
under civilian rule.
Suriname is one of the
most ethnically diverse countries in the Americas. Most
of its people are descended from African slaves and
Indian and Indonesian indentured servants brought over
by the Dutch to work as agricultural labourers.
However there is little assimilation between the different ethnic
groups which confine their contacts to the economic
sphere. Similarly most political parties are ethnically
based. This acts as an obstacle to consensus-building.
Suriname has potential
for tourism boasting rainforests abundant wildlife and
colonial architecture in the capital. But the sector is
undeveloped hampered by the inaccessibility of the
interior and the lack of infrastructure. So Suriname
depends heavily on mining and processing its declining
reserves of bauxite and is vulnerable to falls in
commodity prices.
Suriname and
neighbouring Guyana have been engaged in a long-running
territorial dispute over a potentially oil-rich offshore
area. A UN tribunal settled the issue in 2007 redrawing
the maritime border and giving both countries access to
the basin. The ruling is expected to bring a surge of
exploration by major oil companies.
The issue flared up in
2000 when Surinamese patrol boats evicted a
Canadian-owned rig from a concession awarded by Guyana.
Ronald Venetiaan was
re-elected in August 2005 by members of a regional
assembly ending months of political deadlock.
President
Venetiaan: Credited with containing inflation
Neither he nor his
rival had received enough votes in parliament to become
president. It was left to the regional body to decide
the outcome.
Mr Venetiaan's New
Front coalition returned the greatest number of MPs in
May's parliamentary elections but not the majority it
needed to govern. The poll was contested by the National
Democratic Party of former dictator Desi Bouterse which
doubled its representation.
This is Ronald
Venetiaan's third stint as president. In 2000 he
replaced Jules Wijdenbosch known as "Boschje" who
oversaw a period of high public spending.
He inherited a
devalued currency high inflation a collapsing health
system and a bloated bureaucracy. Emergency measures
were introduced to contain inflation and stabilise the
exchange rate.
The government cut
public spending and restructured the banana industry
with the help of international loans.
In his first term from
1991-96 Mr Venetiaan ran an austerity programme
which though unpopular left Suriname with a stable
currency and a budget surplus.