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Brazil's debt rip-off.(Between The Lines)
ITEM: According to Reuters for October 9. el team from the International Monetary, Fund (IMF) was heading to Brazil "to assess the state of the economy under a $30 billion loan program and decide whether the country should "exit the program which expires at the end of the year...." Continued the wire service: "The IMF has said the decision is up to Brazil's new government which has beet* lauded by the fund for its handling of the economy, although the country's public and external debt remains very high."
BETWEEN THE LINES: It's hardly a surprise that Brazil has its hands out again. As pointed out by Ian Vasquez, author of Global Fortune, Brazil received an IMF-backed bailout of $41.5 billion in 1998; the currency collapsed three months later. In 2001, Brazil quickly chewed up $15 billion in ...
- Political worries quench Brazil IMF rally.
- News wire article from: United Press International August 12, 2002 700+ words
...Rio de Janeiro following Brazil's World Cup victory...that -- inspired by the IMF aid. At mid-day Monday, Brazil's 8 percent bond coming...quickly admitted that the IMF deal is probably the only way out of Brazil's short-term financial...
- Brazil, IMF reach $30 billion aid deal.
- News wire article from: United Press International August 7, 2002 700+ words
...largest economy. The IMF said in a statement...line depended upon Brazil's ability to maintain...additional financing by the IMF, 80 percent of which...is the second for Brazil, which received a...uncertainties, a new IMF-supported program...democratic debate within Brazil is to be ...
- BRAZIL: IMF AWARDS BRAZIL $9.3 BILLION.(International Monetary Fund )(Brief...
- Newspaper article from: IPR Strategic Business Information Database June 17, 2003 700+ words
...at lasting 15 months, the IMF agreed to support Brazil with a credit line of $30...With the Friday action the IMF has now released nearly $20 billion of the total. "Brazil's performance under its IMF supported program remains...
- BRAZIL: IMF APPROVES $1.34 BILLION LOAN FOR BRAZIL.(International Monetary...
- Newspaper article from: IPR Strategic Business Information Database April 1, 2004 700+ words
...would not be drawn. The IMF said its board completed the sixth review of Brazil's performance under a...managing director of the IMF, said Brazil's economy is performing...Silva, with the biggest IMF credit in history a cushion...
- BRAZIL: IMF SAYS BRAZIL SHOULD INVEST MORE IN OIL.(Brief Article)
- Newspaper article from: IPR Strategic Business Information Database September 5, 2004 700+ words
...Argentina, Chile and Uruguay, as well as Brazil. Brazil was awarded the IMF's biggest loan package to date, totaling $30 billion, last year, and Rato said the IMF stands ready to offer Brazil support and expertise. - (EMEconomy.com...
- BRAZIL, IMF TO TALK
- Newspaper article from: The Boston Globe June 23, 1987 700+ words
...years, begin meetings in Brazil today that economic analysts...Brazilian officials said the IMF mission, invited by the...Reichmann, head of the IMF's Atlantic division...in relations between the IMF and Brazil. IMURPH;06/23,14...
- BRAZIL: NEW BRAZIL- IMF AGREEMENT WILL BE SIGNED SOON.(Brief Article)
- Newspaper article from: IPR Strategic Business Information Database August 1, 2002 700+ words
...with the International Monetary Fund (IMF) is in the pipeline and will be signed soon. Parente pointed out that Brazil is capable of dealing with crises and...Parente said that the new Brazil-IMF agreement would not require that presidential...
- BRAZIL: THE US WILL SUPPORT A BRAZIL-IMF AGREEMENT.
- Newspaper article from: IPR Strategic Business Information Database August 11, 2002 700+ words
...Secretary, declared yesterday his support for Brazil and for the agreement that the country...with the International Monetary Fund (IMF), saying that he expects the result to...these changes and have great respect for Brazil and its people," said the secretary...
Source: HighBeam Research, Brazil's debt rip-off.(Between The Lines)