IMF to support Uruguay and Brazil

US - The International Monetary Fund has moved to provide financial help to Uruguay and Brazil, both affected by the crisis in Argentina.

The organisation has agreed to make $10bn available to Brazil immediately, under a loan already agreed in principle, while IMF staff have proposed to triple the financial help that Uruguay can draw on.

Although Argentina's economic crisis has not brought the havoc to global financial markets that some feared - and that did follow the crises in Asia and Russia

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