§ Mr. Arnold
asked the Chancellor of the Exchequer what assistance the International Monetary Fund proposes to give to Brazil; and if he will make a statement.
§ Mr. Moore
At the end of May drawings under the SDR 4.2 billion extended arrangement agreed in February were suspended because of Brazil's failure to meet performance criteria under the programme. Negotiations have taken place between the fund and Brazil on a new set of targets so that drawings under the programme can be resumed.