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

To: Steve Fancy who wrote (11831)	1/15/1999 1:22:00 PM
From: Copeland	Read Replies (1) \| Respond to of 22640

No, but I've done similiar foolish things that have paid off as well. ;) I'm still convinced that there's more bad news in Brazil's future. Am I being a pessimist or has much of the storm passed us over?

To: Steve Fancy who wrote (11831)	1/15/1999 1:38:00 PM
From: Steve Fancy	Respond to of 22640

World Bank may consider accelerating Brazil loans Reuters, Friday, January 15, 1999 at 13:14 WASHINGTON, Jan 15 (Reuters) - The World Bank may consider accelerating loan payments to help Brazil recover from its economic crisis, World Bank President James Wolfensohn said on Friday. "I would consider it. I may consider it positively, I may consider it negatively, but I will consider it," Wolfensohn told reporters during a seminar. Wolfensohn said he backed Brazilian President Fernando Henrique Cardoso and his economic plans. "In general I am very supportive of the Brazilians and I have great confidence in President Cardoso," he said. The World Bank has promised to contribute $4.5 billion to a $41.5 billion international rescue package for Brazil, Latin America's largest economy. It has approved payments totaling just over $1 billion, but has not yet handed over the money because Brazil's Congress has not yet approved the loan. washington.economic.newsroom@reuters.com)) Copyright 1999, Reuters News Service