Bras\u00edlia \u2013 Brazil is going to allocate further funds to the International Monetary Fund (IMF) in order to curb the effects of the world economic crisis, especially in Europe. The announcement was made after a meeting of the Brazilian minister of Finance, Guido Mantega, with the IMF\u2019s managing director, Christine Lagarde, in the Brazilian capital Bras\u00edlia.<\/p>\n
\u201cBrazil is willing to collaborate by providing the funds. This time, the IMF is not bringing us money as it did in the past; rather it has come to borrow money from Brazil. I would rather be a lender than a borrower. Ours is a broad-ranging cooperation and we will strengthen it even further,\u201d said Mantega.<\/p>\n
According to the minister, the funds are meant to minimize the impact of the European crisis. \u201cI believe the Eurozone possesses the tools to overcome the crisis, but in the meantime the situation is getting worse. We are concerned not only with European countries, but most of all with emerging ones.\u201d <\/p>\n
Even though guarantee has been given on the financial aid, figures have not been set yet. According to Mantega, the sum will be decided on by the Bric countries (Brazil, Russia, India, China and South Africa) prior to the G20 summit, due February. Furthermore, the figures \u201care conditioned to the continuation of the quota reform [IMF voting rights] which has been agreed upon\u201d in the last two years. <\/p>\n
*Translated by Gabriel Pomerancblum<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"
The country will allocate further funds to the International Monetary Fund in order to minimize the crisis\u2019 effects. The announcement was made during the Fund\u2019s managing director\u2019s visit to Brazil.<\/p>\n","protected":false},"author":2315,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[91],"tags":[],"class_list":{"0":"post-40031","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-economy"},"wps_subtitle":"The country will allocate further funds to the International Monetary Fund in order to minimize the crisis\u2019 effects. The announcement was made during the Fund\u2019s managing director\u2019s visit to Brazil.","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/40031","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/users\/2315"}],"replies":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/comments?post=40031"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/40031\/revisions"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=40031"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=40031"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=40031"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}