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full screen Surinamese President Chan Santokhi. Photo: Matias Delacroix/AP/TT
Suriname’s president promises the country’s 600,000 residents a payout of $750 each from offshore oil discoveries. The money is deposited into a savings account with an annual interest of seven percent.
In October, French oil giant Total Energies announced a project to develop an oil field off the coast of Suriname with a capacity of 220,000 barrels per day.
Almost one in five Surinamese live in poverty today, according to World Bank figures.