VOL. XXX

NO. 16

26-JANUARY-1987

Financial and Banking News

INTERNATIONAL BANKING

Agreement to Reschedule Brazil's Debts to Governments

Brazil has reached agreement with the 16-member Paris club of creditorgovernments on the rescheduling of some $4bn of its direct country-to-countrydebts. The 21 January agreement, which is the first of its kind is to be signedwithout a parallel agreement with the International Monetary Fund, provides forthe rescheduling of $3.276bn in interest and principal due in...