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Technology Stocks : Dell Technologies Inc.

DELL 126.73

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12:27 PM EST

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To: D.J.Smyth who wrote (66626)	9/22/1998 11:16:00 AM
From: Mohan Marette	Read Replies (1) of 176387

Brazil-World Bank to the rescue. Darrell: It looks like everybody and his brother-in-law is ready to help Brazil out in case of need.The problem they tell me is that Brazil has a sizeable amount of debt +150 billion dollars and currency reserve stands at around $50 Billion which was $65 Billion 4-5 weeks ago.I hope they don't go down the tube a la S.E Asia since it is a very important market for the U.S ================================= Source Reuters. World Bank ready to help Brazil if needed-sources WASHINGTON, Sept 22 (Reuters) - The World Bank is ready to offer new loans to Brazil if an international rescue package is arranged, bank sources said on Tuesday. "The World Bank stands ready to be a significant contributor in any international package of support agreed in support of Brazil," a World Bank source said. World Bank sources declined further comment. The Inter-American Development Bank was expected on Wednesday to approve a record $1.1 billion loan for Brazil. If approved, it would be the biggest loan the IADB has ever issued. The previous record, a $750 million credit, was extended to Mexico in 1995 to help the country recover from the effects of the peso crash. Brazilian government officials said last week they were in talks with the International Monetary Fund and other lending agencies to create a "crisis prevention program." But they have declined to give details of the cash value or shape of any potential deal. An international monetary source said on Tuesday that Brazil has not asked the IMF for financial help, although the two sides are discussing policy options..

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