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FROM THE OFFICE OF PUBLIC AFFAIRS June 21, 2002PO-3195 To clarify my earlier comments, the Brazilian government is implementing the right economic policies to address the current difficulties. Because of these policies, we have consistently supported Brazil, including through its current IMF program launched last summer and last week’s $10 billion drawing on that program. Brazil has not requested any new funds and its economic fundamentals are strong. Brazil is a critical regional and global partner of the United States.
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