Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 0.550

+2.8%

Jan 9 9:30 AM EST

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To: Steve Fancy who wrote (9099)	10/22/1998 4:09:00 PM
From: Steve Fancy	of 22640

Fischer: IMF Willing To Put Up $15B For Brazil - Agency Dow Jones Newswires BUENOS AIRES -- The International Monetary Fund is willing to put up $15 billion of the estimated $30-billion international aid package being sought by Brazil, IMF Deputy Managing Director Stanley Fischer said Thursday, local news agency Diarios y Noticias reported. "The $30-billion figure is what Brazil presented," Fischer said, adding: "The amount that we are willing to provide is $15 billion." Fischer, who made his comments after addressing an economic conference in Buenos Aires, said he expected an accord to be reached on the Brazilian aid package by the end of this week or early next week. "The reason that the agreement still isn't decided is because it has to be known with precision what the government is going to do and how," he said. "After that, we will be able to define how much financing will be necessary and who can provide it." Fischer couldn't be reached for comment. -By Christopher Chazin; 541-315-1690; cchazin@ap.org

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