Brazil allowed to draw $4.3B from IMF

After reviewing Brazil's economic performance the IMF has given the go ahead to release $4.3 billion, the second-to-last part of its $30 billion loan. Talking to reporters in Brasilia, the nation's capital, Finance Minister Antonio Palocci said Brazil would probably take advantage of the tranche.

Source: Associated Press

The International Monetary Fund approved Brazil to draw down $4.3 billion, the second-to-last part of its $30 billion credit line.

IMF Spokesman Francisco Baker said his organiz