IMF accord enters calculation stage

UNITED STATES - The Brazilian delegation in Washington keeps making ambiguous statements on the possibility of a new accord with the IMF but, according to a source at the IMF, they are "making their calculations".

This is the delicate and slow process to prepare an aid package, the debate about data such as inflation targets, GDP growth and the actual size of the package.

Central Bank chairman Arminio Fraga returned to Brazil last night, 26 July, after a meeting with IMF managing director Horst

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