Press Release: IMF Managing Director Rodrigo de Rato to Visit Brazil on January 10-11

IMF News, January 5, 2006

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Canonical URL: Press Release: IMF Managing Director Rodrigo de Rato to Visit Brazil on January 10-11

Mr. Rodrigo de Rato, Managing Director of the International Monetary Fund (IMF), will visit Brazil on January 10-11, 2006.
The visit is at the invitation of the President Luís Inácio Lula da Silva to mark the nation's early repayment of its outstanding obligations to the Fund.
Press Release No. 06/03
Date: January 5, 2006

On December 27, 2005, Brazil completed early repayment of its entire outstanding obligations amounting to SDR 10.79 billion (about US$15.57 billion).
The outstanding obligations of Brazil had been contracted under three Stand-By Arrangements.
The latest Stand-By Arrangement was approved by the Executive Board on September 6, 2002 and was extended and augmented on December 12, 2003.
See referenced press releases: No. 05/275, No. 02/40 and No. 03/217 (as cited in the source text).

In Brasilia, Mr. de Rato will meet:
- President Lula (Luís Inácio Lula da Silva)
- Finance Minister Antonio Palocci
- Central Bank of Brazil President Henrique Meirelleshttp://www.bcb.gov.br/pre/quemequem/port

/presidentes/henriqueMeirelles.asp?idpai=diretoria

Mr. de Rato previously visited Brazil as Managing Director in September 2004 (see Press Release No. 04/186).
First Deputy Managing Director Anne O. Krueger visited Brazil in December 2005 (see Press Release No. 05/264).

Press Release No. 06/03, January 5, 2006 — International Monetary Fund.