Brazil party may give its backing to IMF plan

BRAZIL - Brazil's leftwing Workers' party, which is still leading opinion polls ahead of October's presidential elections, says it may back an accord with the International Monetary Fund in order to reassure investors.

In recent informal meetings with the Brazilian government, the IMF has indicated it would be willing to back a plan to seek pledges of sound economic policies beyond the current administration, officials on both sides told the Financial Times at the weekend.

The current $15.6bn

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