This case describes the events in the period between October 1998 and early January 1999. To prevent the devaluation of the Brazilian real, the International Monetary Fund (IMF) standby loan granted in Brazil. The case describes the conditions under which the loan was granted and the impact of the loan on the balance of payments in Brazil. In January 1999, the Finance Minister Cardoso faces two new challenges: to get support in Congress for fiscal reform and a moratorium on debt payments declared a State of Brazil. See also the case (UV1618) and C case (UV1620). "Hide
by Petra Christmann, Heitor Carrera Source: Darden School of Business 8 pages. Publication Date: March 13, 2002. Prod. #: UV1619-PDF-ENG
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