The Central Bank of Suriname, in cooperation with the Banking Association, has prepared draft legislation regarding the establishment of a Credit Bureau. This draft has recently been submitted to the Government to be reviewed. Submission to the Parliament is scheduled for this summer.
The establishment of a Credit Bureau aims at limiting information asymmetry between creditors and debtors, thereby improving credit market transparency and potentially the access to credit. Another aim is to protect creditors from becoming over-exposed and debtors from incurring too much debt.