Word: braziller
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
While the Andean country's borrowings are dwarfed by those of such neighbors as Brazil ($96 billion) and Argentina ($43.6 billion), the Bolivian action nonetheless shook moneymen. Phone calls from anxious foreigners flooded embassies, newspapers and government agencies in the capital city of La Paz. On Wall Street, prices slid further on a bond market still edgy over last month's near collapse of Chicago's Continental Illinois...
...neighboring Brazil, government leaders found themselves painfully squeezed between the IMF and its sister agency, the World Bank. The bank wants to lend Brazil $1.4 billion for major devel opment projects, but the credit has been held up because it would swell Brazil's money supply beyond limits set by the IMF as a condition...
Alfonsín has yet to produce his long-promised strategy for curbing inflation or for negotiating with the International Monetary Fund a restructuring of the country's foreign loan obligations (although last week Argentina, Brazil, Colombia and Mexico were reported to be discussing in general terms various proposals for repaying their debts after a grace period that has yet to be determined). Instead, his administration seemed at first to neglect economic concerns in order to concentrate on human rights and labor issues. One of Alfonsín's first official acts was to sign decrees accusing...
Speculation about a possible Latin American debtors' cartel that would try to dictate new loan terms to bankers has added to the jitters. In a joint statement last week, the Presidents of Brazil, Mexico, Argentina and Colombia complained that the interest rates they are being charged have reached intolerable levels. Said the four: "We do not accept seeing ourselves forced into a situation of insolvency and continuous economic crisis." While some American bankers insist that the formation of a cartel is unlikely, other moneymen remain fearful...
...panicky flight of foreign capital from the U.S. could lift American interest rates. High on the list of victims would be the 15 Latin American countries that are some $335 billion in debt. Brazil, which owes $96 billion, has an extra $750 million added on to its annual interest bill each time the U.S. prime and other international lending rates rise by a percentage point. De Vries suggested that the banks, together with the International Monetary Fund, should consider setting up a revolving loan pool to be used by Latin American and other countries to cope with escalating interest rates...