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Sovereign Wealth Funds Briefing - Categorized | Asset Allocation, Investment

Brazil joins Russia, China in eyeing IMF bonds

Posted on 11 June 2009

From Forbes: Brazil is looking to buy $10 billion in IMF bonds, Finance Minister Guido Mantega said on Wednesday, joining China and Russia in seeking to use the new instruments to diversify dollar-heavy currency reserves.

“This support is important to help end the international financial crisis,” Mantega said, adding that a trade surplus and $204 billion in reserves has positioned Brazil to help the International Monetary Fund boost lending to other emerging economies……..Full Article: Source


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