The Brazil government will receive $3.9 billion in International Monetary Fund (IMF) drawing rights to increase its international reserves according to Bloomberg.
The move by the International Monetary Fund (IMF) to help the Brazil government and the Brazil economy is part of plan developed at the G-20 meeting in April to distribute as much as $250 billion to its members.
The Brazil economy, Latin America’s largest, held as much as $214 billion in international reserves at the beginning of August.
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