Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 0.435

+8.7%

Jan 2 9:30 AM EST

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To: djane who wrote (7333)	9/1/1998 12:29:00 PM
From: djane	of 22640

Malan: Brazil should be less dependent on foreign cash Sep/01/98 at 08h40 am ET Sao Paulo, 1 - Boost domestic savings and be less dependent on foreign capital. That was the "recipe" defended by Finance minister, Pedro Malan, to boost Brazil's economic growth. Speaking at a conference in Rio de Janeiro, Malan said he was confident in Brazil's possibility of increasing domestic savings so as to boost its development. According to the Central Bank Economic Department chief, Altamir Lopes, Brazil will require international investments amounting to US$20.8bn to cover its foreign account deficit. Former Finance minister Rubens Ricupero defended yesterday in Campinas, in the state of Sao Paulo, that the International Monetary Fund should act aggressively to curb the current worldwide crisis. He believes that the IMF, with the help of the G-7, should try to restore the market confidence and assure the financial system liquidity. (O Estado de S. Paulo/ Jornal da Tarde/ Folha de S.Paulo) Copyright c 1996 Agˆncia Estado. All Rights Reserved.

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