CBvS intervenes in pension fund Alcoa due to violation of instruction

PARAMARIBO — The Central Bank of Suriname (CBvS) has taken drastic action against the pension fund of Alcoa Minerals of Suriname. In a letter dated Friday, April 25, 2025, the monetary authority informed the fund's board of a serious violation of an earlier instruction. The core of the case concerns the implementation of management changes without the prior permission of the CBvS. This action is contrary to a clear guideline that the Bank had al…