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Strategies & Market Trends : Telebras (TBH) & Brazil
TBH 0.517+3.3%3:46 PM EST

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To: Steve Fancy who wrote (8834)10/5/1998 1:43:00 PM
From: Steve Fancy  Read Replies (9) of 22640
 
IMF-Brazil deal seen,no forex regime change-Franco

Reuters, Monday, October 05, 1998 at 11:26

WASHINGTON, Oct 5 (Reuters) - Brazil's Central Bank
President Gustavo Franco said on Monday he saw his country
reaching an agreement with the IMF on precautionary funding to
help Brazil weather global financial turmoil and ruled out any
changes in Brazil's foreign exchange regime as part of a new
fiscal package.

Copyright 1998, Reuters News Service
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