IMF News Brief

NEWS BRIEF - IMF Managing Director Kohler Confirms Agreement with Brazil, 7 August.

Horst Kohler, Managing Director of the International Monetary Fund (IMF), issued the following statement today:

"During the last week intensive discussions have taken place in Washington with a visiting Brazilian delegation and IMF staff and Management on a new 15-month Stand-By Arrangement. Agreement has been reached on a program that could be presented to the IMF Executive Board for approval in early September