Meirelles says Brazil can cope without IMF aid

Brazil's central bank chief, Henrique Meirelles, said in an interview that the country's dependence on the IMF could be reduced and a reduction in Brazil's "foreign vulnerability" could be achieved.

"Last September we set a net reserve goal of $20 billion for December 2004, and in February, we're (already) at $21 billion," Meirelles was quoted as saying in an interview published on Tuesday 17 February in the French financial daily Les Echos.

Asked what effect the Federal Reserve increasing inte

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