Brazil doesn't plan to renew IMF accord, Meirelles

The Brazilian government doesn't plan to renew a $14.8 billion loan accord with the International Monetary Fund that expires this year, as it is accumulating foreign reserves, central bank president Henrique Meirelles said.

Brazil is ``a year ahead of the schedule in terms of international reserves accumulation,'' Meirelles told reporters at the 45th Inter-American Development Bank's annual meeting.

Brazil has $21 million in international reserves excluding IMF loans, more than its year-end ta

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