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Strategies & Market Trends : Telebras (TBH) & Brazil -- Ignore unavailable to you. Want to Upgrade?

To: P.T.Burnem who wrote (7422)	9/3/1998 1:34:00 PM
From: Steve Fancy	Respond to of 22640

Latin American Ministers, Central Bankers Start IMF Meeting Dow Jones Newswires WASHINGTON -- Top Latin American policy makers began a two-day meeting at the International Monetary Fund midmorning Thursday in a coordinated effort to convince global markets that their economies are sound. The finance ministers and central bankers entering the meeting stressed that it would be long on dialogue and short on concrete new measures. The Canadian finance minister and central bank governor also attended; U.S. Treasury Secretary Robert Rubin was expected to take part in a portion of the talks. "We expect to send out a message saying that Latin America is doing its homework," Mexican Finance Minister Jose Angel Gurria told reporters. "We didn't come here to ask for money, nor did we come here to organize a large fund of support for Latin America." Chilean Finance Minister Eduardo Aninat said the region wants the Group of Seven most industrialized countries to take a more active role in resolving the current global crisis. "We will also ask G-7 countries for more leadership, because this is no longer a problem of Southeast Asia. This is not a Russian problem. This is a global problem. Thus, the leadership must be at that level," Aninat said, without providing further details.