Brazil's Fraga: Expects continued IMF, G7 support

BRAZIL - Brazilian central bank head Arminio Fraga said on Thursday he expects continued support from the International Monetary Fund and the Group of Seven industrialized nations, following a meeting with top Wall Street bankers.

Foreign direct investment is down in the second half of this year, Fraga said at a news conference as the Brazilian economy struggles with a sinking currency and stock market amid concerns over the upcoming presidential election in October.

But Fraga added he saw

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