Suriname’s Debt Crisis Shows Us How Global Capitalism Works
With rich Amazon forests and fewer than a million people, Suriname is one of the few countries that absorbs more carbon than it produces. But the former Dutch colony is now being forced to implement destructive austerity by global financial interests.

A demonstrator bangs a pot during a protest against government economic policies in Paramaribo, Suriname, on February 17, 2023. (Ranu Abhelakh / AFP via Getty Images)
Suriname is a former Dutch colony in South America, best known for the pristine Amazon forests that cover 93 percent of the country and make it one of only three countries that absorb more carbon emissions than they produce. It has recently become more interesting to the rest of the world for two main reasons: the fact that it is experiencing one of the world’s worst debt crises, and the discovery of offshore oil and gas in immense quantities.
The people of Suriname find themselves living in a dual reality. In the present, there is a brutal austerity program imposed by the International Monetary Fund (IMF), wreaking the usual havoc on people’s lives. At the same time, politicians assure them that the country has a bright future ahead in which abundant oil revenues will solve all problems and benefit everyone.
Suriname is an important case study in the way financialized neocolonialism works in the twenty-first century. A feminist perspective on debt can supply us with invaluable tools for thinking about the destructive impact of debt and finding ways to combat it.