do not present all of the facts to potential voters at their election campaigns. The previous administration evidently caught the loan fever because hundreds of millions were borrowed prior to the elections of 2020. After the elections of May 25th, 2020 the previous administration kept signing agreements although it had to leave such matters to the next administration. Contrary to what the current administration is claiming, the only year when it did not opt for loans on the local market was in 2022. Shortly before handing power over to the Santokhi administration, the administration that was led by the NDP received huge loans from contractors who were willing to prefinance  projects. The reason for that remains unclear but the current administration conducted business with at least one of those contractors and even amended the loans of the previous administration so that it could expand the projects at higher prices. Statistics show that the current administration did in fact stumble upon a huge financing problem when it came into office as there was a shortage of funds. When the Santokhi administration came into office on July 16th, 2020 it took out six loans from local banks that year so that it could pay subsidies and guarantee social stability. On July 30th, 2020 the Santokhi administration received a loan of SRD 50 million from the Finabank. On August 24th, it went to the Trustbank Amanah for a bank loan of SRD 8 million and one month later it sought a loan of SRD 25 million on the local market. That same year the Santokhi administration got a loan of 30 million from the Volkskredietbank and SRD 259 million from the Hakrinbank. In October 2020 it also got a ‘loan’ from Rubis for the delivery of SRD 250 million worth of fuel. The unpaid bill of the previous administration was also included. 2022 was the only year when the Santokhi administration did not borrow money at the local market.  In 2023 it only opted for one bank loan when it borrowed SRD 39 million from Trustbank Amanah to purchase Hotel Babylon. The huge debt at the Central Bank of Suriname was also restructured.