Arawak and Carib tribes lived in the region before Columbus sighted the coast in 1498. Spain officially claimed the area in 1593, but Portuguese and Spanish explorers of the time gave the area little attention. Dutch settlement began in 1616 at the mouths of several rivers between present-day Georgetown, Guyana, and Cayenne, French Guiana.

In August 2001, the Dutch provided a triple A state guarantee to enable the Surinamese government to obtain a 10-year loan from the Dutch Development Bank (NTO) for the amount of Euro 137.7 million .The loan has an interest rate of 5.18% per year and was used to consolidate floating government debts. U.S.$32 million of the loan was used to pay off foreign loans, which had been taken under unfavorable conditions by the Wijdenbosch government. The remaining 93 million of the loan was used to pay off debts at the Central Bank of Suriname. This enabled the Central Bank to strengthen its foreign currency position according to the IMF standards to the equivalency of 3 months of imports.