Gillmore Hoefdraad

Gillmore André Hoefdraad (born 17 December 1962) is a Surinamese economist and politician. He was Governor of the Central Bank of Suriname from 2010 until 2015, and Ministry of Finance of Suriname from 2015 to 2020. In January 2020, it was reported that US$100 million was missing from the Central Bank.^[1] In July 2021, an Interpol red notice was issued for Hoefdraad.^[2] Hoefdraad was sentenced in absentia to 12 years imprisonment on 17 December 2021.^[3]

Gillmore Hoefdraad
Minister of Finance of Suriname
In office 2015–2020
President	Desi Bouterse
Preceded by	Andy Rusland [nl]
Succeeded by	Armand Achaibersing [nl]
Governor of the Central Bank of Suriname
In office 2010–2015
Preceded by	André Telting
Succeeded by	Glenn Gersie
Personal details
Born	Gillmore André Hoefdraad (1962-12-17) 17 December 1962 (age 62) Paramaribo, Suriname[citation needed]
Alma mater	University of Santiago de Cuba
Chess career
Country	United States
Peak rating	1953 (March 2024)

Biography

Hoefdraad was born on 17 December 1962^[4] in Paramaribo. He is a chess player, and became national youth champion in 1978, 1979 and 1980.^[5] He studied economy at the University of Santiago de Cuba.^[6]

In 1988, Hoefdraad started working for the Central Bank of Suriname, and was a part-time lecturer at the Anton de Kom University. In 1991, he became a full-time professor. In 1999, he started working for the International Monetary Fund in Washington DC.^[6]

In 2010, Hoefdraad was appointed Governor of the Central Bank.^[7] In 2015, he was appointed Ministry of Finance of Suriname in the cabinet of Desi Bouterse.^[8] During his tenure, he took out 92 loans increasing the debt from SRD 9.2 billion to SRD 20.7 billion.^[7] In 2019, the Progressive Reform Party reported Hoefdraad to the Prosecutor General for exceeding the debt ceiling.^[9] On 1 November 2019, the National Assembly voted for a new law which no longer criminalised exceeding the debt ceiling.^[10]

In January 2020, it was reported that US$100 million was missing from the cash reserves of the Central Bank.^[1] Vice President Ashwin Adhin explained that the money was used to buy potatoes and onions.^[7]

In April 2021, the Prosecutor General filed a request to prosecute Hoefdraad for dubious transactions between the Central Bank and the Belgian company Clairfield.^[11] On 11 July, an Interpol red notice was issued for money laundering, embezzlement and corruption.^[2][12] On 23 July, an exit ban was issued.^[13] On 30 July, it was reported that he had been spotted in Skeldon, Guyana.^[14]

On 17 December 2021, Hoefdraad was sentenced in absentia to 12 years imprisonment and a fine of SRD 500,000.^[15] He was found guilty on violating the anti-corruption laws, misuse of state resources, participating in a criminal organisation, and embezzlement.^[16] On 24 December, an appeal was filed.^[17]