On July 6, 2025, Suriname’s Parliament elected Jennifer Geerlings-Simons as the country’s first female President. This historic decision comes at a time when the nation is facing economic problems. Her election is a key moment in Suriname’s political history, and people hope she will help improve the country’s financial situation.
- Jennifer Geerlings-Simons- 71-year-old doctor and congresswoman
- First woman President of Suriname
- Elected by Suriname’s National Assembly
Country in Financial Trouble
Suriname is currently dealing with economic challenges. Outgoing President Chandrikapersad Santokhi had to turn to the International Monetary Fund (IMF) to help fix the country’s economy. Although some economic success was achieved through austerity measures like cutting subsidies and restructuring debt, it caused public protests due to the hardship people faced.
Hopes Tied to Oil Discovery
Suriname is hoping for better days ahead due to the recent discovery of major offshore oil deposits. The first oil production is expected to begin in 2028, which could bring in a lot of money for the country. However, experts like Winston Ramautarsingh, a respected economist, warned that until then, Suriname must pay about $400 million every year in debt and interest — money the country currently does not have. The debt delay by the previous government was only temporary.
Key Takeaways for Competitive Exams
- Jennifer Geerlings-Simons made history as Suriname’s first female President.
- Suriname’s economy faces challenges, and the new President aims to stabilize it.
- The discovery of oil deposits offers hope for economic growth in the future.
