Brazil's Palocci sees IMF loan despite inflation

Finance minister Antonio Palocci said he expects the next tranche of Brazil's record IMF loan to be approved despite an increase in inflation in the country.

Strong: Reuters

Despite a surge in inflation, Brazil expects the International Monetary Fund to approve the next tranche of a $30 billion loan package without significant changes in the terms of the deal.

Brazilian Finance Minister Antonio Palocci said on Thursday he expected the $4.6 billion tranche to be approved later this month after wh