Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 0.590

-7.9%

Dec 23 3:59 PM EST

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To: Steve Fancy who wrote (9214)	10/27/1998 10:14:00 PM
From: Steve Fancy	Read Replies (14) of 22640

Japan MOF Kuroda:No Movement This Week On IMF Aid For Brazil Dow Jones Newswires TOKYO (Nikkei/Dow Jones)--A senior official at Japan's Ministry of Finance said Wednesday no agreement on International Monetary Fund-led aid for Brazil was likely this week. Speaking to reporters upon entering the ministry, Haruhiko Kuroda, head of the International Bureau, said: "There's been no movement this week. Maybe next week." He was making his comments shortly after Brazilian President Fernando Henrique Cardoso said in a speech late Tuesday that his government would cut 8.7 billion reals from its 1999 budget as part of a fiscal austerity program geared toward gaining the IMF's support.

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