Article

The Government of Suriname and Suralco have entered into a Funding Agreement to support community development projects in areas affected by historical bauxite mining and the Afobaka Hydroelectric Power Plant. This partnership will create a Development Fund, with each party contributing up to USD 240,000 annually to finance up to twelve projects per year, focusing on small-scale production, social infrastructure, and other community needs. The agreement has an initial term of two years, with the possibility of extension up to five years.