For development of the Local Private Sector in Suriname

www.surinamebusinessforum.org

NATIONAL STRATEGIC

ACTION PLAN 2011 – 2015

For development of the Local Private Sector in Suriname


Index

History

Strategy

Action Plan

Expected Results


HISTORY


Short History

19.05.1999: Joint vision about the development of the business (ASFA, VSB, KKF)

11.09.2000: establishment of SBF by the minister of Trade and Industry

25.05.2005: Approval of the draft law SBF by the Council of Ministers

18.10.2006: Approval of the Law SBF by Parliament

01.06.2007: SBF operational

01.05.2008: SBC (executive office of SBF) operational


Lessons learned: No Change=stagnancy=no progress

World Bank Ease of Doing Business Ranking

2011 2010 2009 2007

Belize 99 93 78 56

Guyana 100 101 105 136

Jamaica 81 79 63 50

St Lucia 53 45 34 27

T’dad& Tob. 97 95 80 59

SURINAME 161 160 146 122


Objectives SBF

Platform for Public – Private Dialogue for Development of the Local Private Sector (LPS) in Suriname

Creation of favorable conditions for the LPS

Formulation and implementation of a National Strategic Action Plan for the development of the LPS


SBF MEMBERS

Business / Employers Associations

Government Institutions

Civil Society Organizations

SBF platform for dialogue

ASFA KKFVSB LVVJ&PFINHI WBG ADEKRAVAK

SUR


The role of the Public and Private Sector as well as the Business Organisations Public sector:

Regulator, facilitator and promoter: Stimulation of entrepreneurship Creation of a favorable investment climate

Private sector:

Motor of the economy: Creation of employment Sustainable economic growth

Business Organizations:

Represent and/or look after the issues: of enterprises institutional consolidation capacity building

IN THE STRATEGIC ACTION PLAN 2011 – 2015:

Assertive and committed joint implementation of actions

Effective participation on dialogues within the platform

Creating facilities and extend resources

Pro-active stimulation i.e. promotion

Mutual associated adjustment

Take responsibilities and proceed accordingly

Contribution Public and Private Sector organizations


Performance SBF/SBC for the LPS

EU project executed from 01.01.2008 – 30.06.2010

Formulation National Strategy for development of the LPS 2010 – 2010

Formulation National Strategic Action Plan 2011 – 2015 for the creation of a favourable business climate

Workshops, Seminars, Trainings etc. accomplished by SBF/SBC for the LPS

Reform of permits for businesses and professions

Exemption from import duties on capital goods

Simplification of the establishment of Limited Liability Companies

Exemption from import duties on ICT equipment

Initiative for formulation of the Economic Development Plan / Business Climate Reform (Long Term Integrated Industrial Plan)

Contribution to the Development Plan 2012 – 2016

{Contribution to the promotion of Suriname at the commencement of the Embassy of Suriname in Paris (2011)}


STRATEGY


Our Aspirations

The Local Private Sector, mainly active in sustainable growth sectors, is the most competitive in the CARICOM in 2020


National Strategy 2010 – 2020 Gradually expansion of the Surinamese

economy: Focus on sustainable growth sectors

At least 50% of the revenues from the exhaustive miningsector, allocated for:Efficient absorption for concrete implementation of

development programs in sustainable growth sectors

Export orientation:A combination during transition instead of import

substitution


Conditions Capacity building:

Public and private sector and business organizations

An efficient government:Focused on innovative development of the LPS

Growth and development of entrepreneurship

Integrated procedures for innovative economic developmentLong term integrated industrial program

Core Area Objective Priority Indicator/TargetI. Rules and Regulations for the LPS (Total 24 actions)

Improved Legal Framework for the LPS

High level Legal Steering Committee in 2012Legal Data base in 2013

Annually a minimum of 20 adopted and published acts

II. Domestic Direct Investments and Foreign Direct Investment (Total 18 actions)

Increased Domestic and Foreign Investments

Suriname Investment Promotion and Export Agency established in 2012

Annually increase of DDI with a minimum of 10% and FDI with a minimum of 5 %

III. Competitiveness of the LPS(Total 17 actions)

Increased Competitiveness Establishment of 2 sustainable functioning 2 clusters in 2012

Annually increase of exports with a minimum of 10%

IV. Sustainable growth sectors(Total 8 actions)

Developed sustainable (growth) sectors

Formulation and Execution of a Long Term Integrated Industrial Program in 2012

Annually increase of production and export from (growth) sectors with a minimum of 5%

V. (Business) Services for the Local Private Sector(Total 14 actions)

Improved (business) services

Simplification of “Doing Business” in Suriname in 2012

E-government and E-Services at BSOs operational by 2012Single Electronic Window – ESW operational by 2014

VI. Public and Private Dialogue (PPD)(Total 7 actions)

Improved dialogues To initialize, encourage and evolve continuos effective and efficient dialogue

Annually a minimum of 4 effective PPDs

National Strategic Action Plan (NSAP) 2011-2015 Six Core Areas: total 88 actions



Core Area I:

Objective: Improved Legal Framework for the LPS

Priority 1: Legal Steering Committee and Legal Database

See the NSAP 2011-2015 for the remaining 23 activities

Activity Trigger Indicator / target Preparation and establishment of Legal Steering Committee and Legal Database

SBF Legal Steering Committee operational en Legal Database started in Q3-2013. "Ongoing process"


Core Area II:

Objective: Increased Domestic and Foreign Investments

Priority 1: Investment and Export Promotion Agency


Activity Trigger Indicator / targetEstablish and operationalize of Suriname Investment and Export Promotion Agency (SIEPA)

Ministry Finance/ Trade and Industry

-SIEPA established in 2012- FINPYME program implemented (capacity building of already exporting companies and companies with export potential)


Core Aea III:

Object: Increased Competitiveness

Priority 1: Capacity building of the LPS


Activity Trigger Indicator / target

Capacity building of relevant stakeholders

Ministry Finance / Trade and Industry

Annually a minimum of 2 realised trainingsprograms


Core Area IV: Objective: Developed sustainable (growth)

sectors

Priority 1: Execution of development programs in sustainable growth sectors



Active contribution to the formulation and execution of strategic development programs for the (growth) sectors (Development Program 2012-2016)

Ministry Finance Annually a minimum of 2 development programs executed , based on the Long Term Integrated Industrial Plan


Core Area V: Objective: Improved (business) services

Priority 1: Simplification of “Doing Business” in Suriname



Preparation and Execution of “Ease of Doing Business” project

Ministry Trade and Industry Operational en functioning E-government in 2012. The “Ease of Doing Business ranking" will be between 100 and120 in 2012. In 2013 below 100. DDI en FDI in 2015 increased with a minimum of 15%. Annually increase of registered companies at the Chamber with a minimum of 10%.Single Electronic Window – SEW operational in 2014


Core Area VI:

Objective: Improved dialogue

Priority1: Creation of a broad supporting area for the execution of the National Strategy



Plan a dialogue structure between all relevant partners and stimulation of dialogue

SBF Annually a minimum of 3 PPDs functional


EXPECTED RESULTS


Expected Results C1: Legal Steering Committee operational C2: Functioning Investment and Export

Promotion Agency C3: Reinforced capacity of public and

private sector and businesses C4: Clusters developed: Agricultural

sector / Agro industry – Tourism C4: Implementation programs for 3

sustainable growth sectors in execution C5: Operational E-Government and SEW C6: Efficient dialogue – PPDs


Conditions

CORE VALUES: CODE OF CONDUCT

Integrity

Customer Directed

Professionality

Innovation

Commitment

Responsibility

Leadership


Target 2013

SURINAME in de top 90 of the Worldbank Ease of Doing Business Ranking

SUSTAINABLE EMPLOYMENT for a minimum of 80% of the labour force

RELEVANT FOOD SHED of the Caribbean region

MORE EXPORT than import


Missing enforcer – to date!

Exclusively The Will The Guts The Authorisation

of the HIGHEST POLITICAL LEAD in Suriname

can guarantee SUCCESFULL IMPROVEMENTS


Closing Remarks

Less words, More ACTIONS.

Implementation of reinforcement in the Civil Service

Government Investments for improvement of

the business environmentAre stimulating growth and innovative

development of the Surinamese economy

The Public – Private Sector as well as

Businesses must take their responsibilities - OWNERSHIP


THAT is the difference!


Questions

For more information:


www.sbc.sr

SBC, Executive Office SBF

Hofstraat 1, 4th Floor

471521

http://www.surinamebusinessforum.org/

http://www.sbc.sr/

Documents

For development of the Local Private Sector in Suriname