IMF Press Release

PRESS RELEASE - IMF Approves US$30.4 Billion Stand-By Credit for Brazil, 6 September.

The International Monetary Fund (IMF) today approved Brazil's request for a 15-month stand-by credit of SDR 22.8 billion (about US$30.4 billion) to support the country's economic and financial program through December 2003. Of the stand-by credit, the equivalent of SDR 7.6 billion (about US$10.1 billion) would be made available under the Supplemental Reserve Facility (SRF).1

The approval of the credit-the larg