Finance Minister: Brazil Increases Support For IMF To $14 Billion
BRASILIA -(Dow Jones)- Brazil will make available a total of $14 billion in
credits to the International Monetary Fund, up from the $10 billion originally
planned, Finance Minister Guido Mantega said Wednesday.
He said the money will be made available by Brazil's government to the IMF as
part of a new IMF credit line called NAB, or New Arrangements to Borrow.
"This money will be available to the IMF and it will be doled out as needed,
rather than all at once," said Mantega at a news conference. "It's like an
expense account."
-By Tom Murphy, Dow Jones Newswires; 55-11-2847-4519; brazil@dowjones.com
(END) Dow Jones Newswires
11-25-091304ET
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