VOL XXXI

NO. 6

16-NOVEMBER-1987

Financial and Banking News

INTERNATIONAL BANKING

Brazil Lifts Interest Moratorium, Lets in IMF

After an agreement with its foreign bank creditors, the Brazilian governmenton 6 November committed itself to recommence interest payments on its foreigndebt and to "cooperate" with the International Monetary Fund (IMF).The agreement has been greeted by storms of protest in Brazil, where despite thegovernment's attempts at soft-pedalling the IMF's involvement, political...