What’s next for Suriname after oil wealth?

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  Hello and welcome to World Business Report from the BBC World Service.

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  I'm Roger Heering.

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  And on this edition, Suriname's finance minister tells us how his new newly fossil fuel rich country will escape the oil curse and benefit his people.

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  Now, Suriname is a small nation on the northeast coast of South America.

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  And up to now it's been one of the poorest in the region with almost half the population living on under five and a half dollars a day.

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  But now the former Dutch colony is looking to a different future.

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  The discovery of huge oil and gas reserves off the coast means it stands to make about $10 billion in the next 10 to 20 years.

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  And the government has promised that it will share the windfall with its people.

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  President Chan Satoki has announced royalties for everyone.

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  Today I announced a financial instrument under the name royalties for everyone rvi, which means royalties for all Surinamese people will take advantage and enjoy royalties for oil and gas too.

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  And the population of Suriname will get a share in the future oil royalties from the revenue.

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  President Chan Satoki there of Suriname.

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