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

To: Steve Fancy who wrote (9688)	11/13/1998 3:06:00 PM
From: Steve Fancy	Read Replies (2) \| Respond to of 22640

Breakdown Of Contributions To Brazil Financial Aid Plan Dow Jones Newswires WASHINGTON -- Following is the breakdown of international support for Brazil, a total package of around $41.5 billion, as provided by the Treasury Department: IMF -- $18 billion, with a first disbursement amount of $5.25 billion after approval of Brazil's fiscal program by the IMF's executive board. A second disbursement of $5.25 billion would be contingent on a successful review by the IMF by February 1999. Multilateral Development Banks -- $9 billion, including a $1.1 billion loan approved in September 1998. The World Bank would provide $4.5 billion and the Inter-American Development Bank would provide $4.5 billion. *Bilateral Financing -- $14.5 billion, through credits extended to Brazil by the Bank of International Settlements from 20 different countries. The U.S. contribution will be $5 billion. -By Jonathan Nicholson