Chinese overseas lending / SUR
Suriname: debt owed to China
In 2021, Suriname is estimated to have owed China $707m, equal to 22.7% of its GDP, which ranks it 73 of 126 borrowers in the panel by dollars owed. The estimated stock peaked at $758m in 2020. Of the 2021 total, $157m is a drawn People’s Bank of China swap-line balance, a central-bank liability rather than a loan to the government.
The estimated stock, 2000 to 2021
The largest single-year move in the estimated stock is 2015, when it rose by $151m.
Source: Horn, Reinhart and Trebesch, China’s Overseas Lending. Selection: estimated stock owed to China by Suriname, by year and instrument, 2000 to 2021. Zeros are estimated zeros (no known loans outstanding), not missing values. Methodology
Historical loan records from the 2021 release
These records come from the 2021 HRT Mendeley replication release, not the November 2025 refreshed stock panel charted above. The refresh uses the updated Franz, Horn, Parks, Reinhart and Trebesch methodology, so this table cannot be reconciled to the chart. The earlier release marks 6 loan-level records for Suriname as part of its debt-estimate sample, spanning 2004 to 2016. Comparable commitments are available for 6 of those loans and sum to $470m. These are gross commitments, not outstanding debt stocks. The stock methodology applies disbursement and amortisation profiles, with imputation where loan terms are missing, so the commitment sum must not be compared with the stock above. See the methodology. Terms are sparse by source: interest rate appears on 0 loans, grace period on 1, maturity on 0, any of the three on 1, and all three together on 0. The earlier file also carries 9 additional project rows for Suriname outside that sample, so they are not included in this table.
| Year | Project | Commitment, USD | Commitment, source currency | Terms | Creditor | Type |
|---|---|---|---|---|---|---|
| 2016 | China Eximbank provides 235 mn USD loan for infrastructure projects ID: SUR_15 · Source: Inter-American Dialogue | $235m | n/a | rate n/a | grace n/a | maturity n/a | China Export-Import Bank (Ex-Im) State-owned policy bank | Loan Commercial · borrower Central government |
| 2012 | China EXIM Bank commits 50 million USD loan to Suriname housing ID: SUR_12 · Source: AidData, Inter-American Dialogue | $47m | USD 47,000,000 | rate n/a | grace n/a | maturity n/a | China Export-Import Bank (Ex-Im) State-owned policy bank | Loan loan type n/a · borrower Central government |
| 2008 | China Exim Bank loans Suriname 140 million USD for road rehabilitation projects ID: SUR_11 · Source: AidData | $141m | USD 140,500,000 | rate n/a | grace n/a | maturity n/a | China Export-Import Bank (Ex-Im) State-owned policy bank | Loan loan type n/a · borrower Central government |
| 2007 | China commits 3.2 million USD loan to Suriname container scanner ID: SUR_10 · Source: AidData | $3.20m | USD 3,200,000 | rate n/a | grace 3y | maturity n/a | Unspecified Chinese government agency Unspecified Chinese government agency | Loan loan type n/a · borrower Central government |
| 2006 | China provides $500,000 to Suriname for public housing complex ID: SUR_9 · Source: AidData | $0.50m | USD 500,000 | rate n/a | grace n/a | maturity n/a | China Export-Import Bank (Ex-Im) State-owned policy bank | Loan loan type n/a · borrower Central government |
| 2004 | China commits 43.35 million USD loan to repave Suriname roads ID: SUR_8 · Source: AidData | $43m | USD 43,350,000 | rate n/a | grace n/a | maturity n/a | China Export-Import Bank (Ex-Im) State-owned policy bank | Loan loan type n/a · borrower Central government |
Source: Horn, Reinhart and Trebesch, China’s Overseas Lending (2021 Mendeley replication loan file). Selection: 2021 replication loan records mapped to Suriname and flagged DebtEstimateSample = 1 in that release. This is an earlier source universe, not the records used for the November 2025 refreshed stock panel. CommitmentUSD is a gross commitment flow and is not comparable to the charted stock. Commitment stays in its source currency, and ProjectDescription is rendered as free-text data from the file. Methodology
Against what Suriname reports owing to all creditors
Suriname reported $4.14bn of total external debt to all creditors in 2021, of which $2.03bn is public and publicly guaranteed. The China estimate is 13.3% of the reported external total and 27.1% of the reported public and guaranteed stock. These are ratios of two different measurements, one estimated and one borrower-reported, and they are not a share of a single consistent total.
| Measure, 2021 | Estimated, owed China | Reported, all creditors | Ratio, % |
|---|---|---|---|
| Total external debt | $550m | $4.14bn | 13.3% |
| Public and publicly guaranteed | $550m | $2.03bn | 27.1% |
Source: Horn, Reinhart and Trebesch, China’s Overseas Lending (estimated stocks), and World Bank International Debt Statistics, borrower-reported via the Debtor Reporting System (all-creditor stocks). Selection: estimated external and PPG stock owed to China in 2021 against Suriname's reported DT.DOD.DECT.CD and DT.DOD.DPPG.CD for the same year. Drawn swap balances are excluded from the estimated column: they are a central-bank liability the Debtor Reporting System's long-term-debt concepts do not carry. Methodology
People’s Bank of China swap drawings
Suriname carried a drawn swap balance in 7 years of the panel, peaking at $157m. A drawing is a liability to another central bank, and it is not netted out of a headline gross reserves figure.
| Year | Drawn balance | Share of the year’s China total |
|---|---|---|
| 2015 | $154m | 37.9% |
| 2016 | $144m | 34.4% |
| 2017 | $154m | 27.5% |
| 2018 | $139m | 21.6% |
| 2019 | $141m | 19.2% |
| 2020 | $153m | 20.2% |
| 2021 | $157m | 22.2% |
Source: Horn, Reinhart and Trebesch, China’s Overseas Lending. Selection: every year in which Suriname carried a drawn PBoC swap-line balance above zero. Methodology
The same balance measured against gross international reserves, for every country that has drawn