Suriname’s election setback

Development of the country’s oil sector faces a slowdown in the face of political instability and dire economic conditions

National elections in Suriname were supposed to bring much-needed stability to the country following a string of political scandals and an economy poised to suffer significant recession. The landmark offshore oil discoveries announced by French operator Total in the first quarter offered a rare reprieve from the sense of gloom. But the fallout from the election has highlighted Suriname’s fractious political scene and the potential risks of investing in the country. President Desi Bouterse, who was standing for a third term in office, demanded a recount ahead of the official result, and international observers fear a lengthy dispute. “The risk of political violence and civil unrest is c