Brazil bailout rumor

Doug Henwood dhenwood at panix.com
Wed Oct 7 09:55:23 PDT 1998

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Latest rumor out of Washington, based on an overheard phone conversation at the World Bank/IMF meetings, just reported to me. A Brazilian banker, fresh from meetings, says they've almost got a $50 billion bailout package ready - a package that would be backed by anticipated privatization revenues. Is there that much left in Brazil to privatize, or is this just some confidence trick?

Doug

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