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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 0.535

+2.8%

Jan 8 3:58 PM EST

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To: Steve Fancy who wrote (7445)	9/3/1998 7:17:00 PM
From: Steve Fancy	of 22640

World Bank Wolfensohn To Join IMF/LatAm Press Conf. Fri. Dow Jones Newswires WASHINGTON -- World Bank President James Wolfensohn will return from abroad in time to join the heads of the International Monetary Fund and Inter-American Development Bank at a press conference at 2:30 p.m. EDT Friday, a World Bank spokesman said Thursday. The press conference will mark the end of a two-day gathering of Latin American finance and central bank officials to discuss responses to the Asian and Russian financial crises. U.S. and Canadian officials, including U.S. Treasury Secretary Robert Rubin, have also attended the meeting, which was hastily called by IMF Managing Director Michel Camdessus last week amid Russia's mounting financial turmoil. Wolfensohn has been attending a Mediterranean Development Forum conference in Marrakesh, Morocco, but will land in Washington around 11:00 a.m. EDT in time to make it to the final press conference, the spokesman said. Camdessus and Inter-American Development Bank President Enrique Iglesias will also attend the press conference. -By Kristi Bahrenburg, tel: (202) 862-9295; or e-mail: kristi.bahrenburg@cor.dowjones.com

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