Brazil set for "largest ever" IMF loan of $30bn

BRAZIL - The International Monetary Fund has agreed to lend Brazil an extra $30bn (£20bn), hoping that this will help pull the country and the region out of crisis. The deal represents the largest loan the IMF has ever provided in its history.

About $24bn of this will be distributed next year, IMF managing director Horst Koehler said, adding that Brazil "strongly deserves the support of the international community".

However, after comment that there would be no easy solution to the Brazil crisi