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

To: wl9839 who wrote (15323)	5/17/1999 11:46:00 AM
From: wl9839	Read Replies (1) \| Respond to of 22640

DJ Brazil Central Bank: Net Domestic Credit IMF Target Met Dow Jones Newswires Speaking to reporters before a news conference, the head of the central bank's economic department, Altamir Lopes, said that Brazil easily met a target for net domestic credit established as part of a $41.5 billion aid pact with the International Monetary Fund. "We met the goal for net domestic credit with a BRR1.3 billion margin," Lopes said. Brazil had committed to control net domestic assets at the central bank - monetary base less net adjusted international reserves - and had set an end-April target of minus-BRR7.152 billion. While Lopes didn't provide a specific number, a BRR1.3 billion margin would put the figure at around minus-BRR5.8 billion. -