Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 0.472

+2.6%

Jan 16 9:30 AM EST

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To: MGV who wrote (8456)	9/23/1998 4:35:00 PM
From: Steve Fancy	Read Replies (1) of 22640

IDB OKs $1.1B Brazil Loan, Biggest Single IDB Loan Ever Dow Jones Newswires WASHINGTON -- The board of the Inter-American Development Bank approved a $1.1 billion loan for Brazil, the largest single loan the Bank has ever made, a spokesman for the institution said Wednesday. The IDB will make the loan to the Brazil National Bank of Development to support micro-, and small- and medium-sized enterprises, the IDB said. The loan comes as turmoil in other emerging markets worldwide is spreading to Latin America, particularly Brazil, and investors are speculating that ongoing negotiations between the Brazilian government and the International Monetary Fund (IMF) will turn into a request for emergency assistance for the beleaguered economy.

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