Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

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To: Steve Fancy who wrote (9327)	11/4/1998 10:55:00 AM
From: Steve Fancy	Read Replies (1) of 22640

Brazil Hopes To Finalize IMF Aid Deal This Week - Newspaper Dow Jones Newswires SAO PAULO -- Brazil hopes to hammer out the final details of an aid package with the International Monetary Fund by the end of the week, local financial daily Gazeta Mercantil reported Wednesday. A delegation of Brazilian authorities has been in Washington since Saturday for meetings with IMF officials. The group is expected to return to Brazil Friday. Gazeta quoted Finance Ministry economic policy director Amaury Bier as saying that no final decisions have been made on the amount of an IMF package. Market sources expect an international credit line to total over $30 billion. Gazeta reported Tuesday that Brazil will likely release a letter of intent by Friday, with final IMF approval of a credit line expected before the Nov. 26 Thanksgiving holiday in the U.S.

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