Brazil c bank says report figures are "incorrect"

BRAZIL - Brazil reacted quickly to a Standard & Poor's report released this week, which warned of the growing risk of Brazil and stated that the government needs US$80 billion to finance its balance of payments in 2002.

Central Bank directors said on Thursday 4 October that Brazil's financing requirements for 2001 are US$47.4 billion, adding that there is a good chance of the government balancing its accounts next year. "They (S&P) made an error. The figure is incorrect," said Central Bank

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