Brazil "wants $10 bln IMF loan insurance"

Reports in Brazil said Finance Minister Antonio Palocci was negotiating with the IMF to secure "insurance" of $10 billion in emergency funds in case of an international economic crisis. Palocci said he felt that if Brazil were to ask for more than $10 billion, "it would signal that things were not well" in Brazil.

Source: Reuters

Brazilian Finance Minister Antonio Palocci said he was negotiating with the International Monetary Fund to secure "insurance" of $10 billion in emergency funds in case