IMF repayment hits Brazil's reserves

Brazil's international reserves stood at US$ 53.8 billion at year-end 2005, down US$ 10.5 billion from November, the central bank said.

The shift came mainly as a consequence of the advance repayment of the country's debt to the International Monetary Fund (IMF) and the sale of US$ 500 million worth of bonds abroad in December, according to the foreign accounts data released by the central bank.

The country's total foreign debt was US$ 181 billion in October, 2005, US$ 1.7 billion less than in

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