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

_IMF News, January 5, 2006_

## Source details

**Canonical URL:** [Press Release: IMF Managing Director Rodrigo de Rato to Visit Brazil on January 10-11](https://www.imf.org/en/news/articles/2015/09/14/01/49/pr0603)

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## Bibliographic details
- Published: January 5, 2006

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### Visit purpose and timing
- 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

### Early repayment details
- 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).

### Meetings in Brasilia
- 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

### Recent IMF engagements with Brazil
- 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.*

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## References

- [Brazil and the IMF](http://www.imf.org/external/country/BRA/index.htm)
- [Press Releases](https://www.imf.org/en/news/searchnews)
- [PRESS CENTER](http://presscenter.imf.org/)
- [see Press Releases No. 05/275](https://www.imf.org/external/np/sec/pr/2005/pr05275.htm)
- [No. 02/40](https://www.imf.org/external/np/sec/pr/2002/pr0240.htm)
- [No. 03/217](https://www.imf.org/external/np/sec/pr/2003/pr03217.htm)
- [see Press Release No. 04/186](https://www.imf.org/external/np/sec/pr/2004/pr04186.htm)
- [see Press Release No. 05/264](https://www.imf.org/external/np/sec/pr/2005/pr05264.htm)
- [https://www.imf.org/en/home](https://www.imf.org/en/home)

_Source: https://www.imf.org/en/news/articles/2015/09/14/01/49/pr0603_