Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 0.952

-7.6%

3:59 PM EST

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To: Steve Fancy who wrote (7362)	9/2/1998 2:23:00 PM
From: Steve Fancy	Read Replies (1) of 22640

Cardoso releases US$15m to fight fire - rpt Bras¡lia, 2 - After meeting with Environment minister, Gustavo Krause, and Federal Environment Institute Ibama president, Eduardo Martins, president Fernando Henrique Cardoso announced yesterday the release of US$15m in order to fight against fire ravaging Brazil's midwestern region, in anticipation of the World Bank's loan aimed at combating fire occurrences in Brazilian woods. According to the Planalto Palace spokesman, Ambassador S‚rgio Amaral, the conclusion is that the fire has not as yet reached Xingu National Park, one of Brazil's best preserved Indian reserves. Ibama's president added that Indians were not running any risks. However, he admitted he is worried with the proximity of the fire, only 4 km far from the reserve. (By Tƒnia Monteiro)

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