In a statement issued on March 8, IMF Managing Director Michel Camdessus announced his intention to recommend to the IMF Executive Board that it approve the revised economic program for 1999-2001 proposed by the Brazilian government. The text of News Brief 99/10 follows.

Abstract

In a statement issued on March 8, IMF Managing Director Michel Camdessus announced his intention to recommend to the IMF Executive Board that it approve the revised economic program for 1999-2001 proposed by the Brazilian government. The text of News Brief 99/10 follows.

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Includes amounts under Supplemental Reserve Facility.

EFF = Extended Fund FacilityESAF = Enhanced Structural Adjustment Facility Figures may not add to totals owing to rounding.Data: IMF Treasurer’s Department

Extended Arrangements are designed to rectify balance of payments problems that stem from structural problems.