FROM THE OFFICE OF PUBLIC AFFAIRS

1. IMF --The IMF assistance to Brazil totals approximately $18 billion. The structure of the package is in line with the enhanced IMF facility proposed by President Clinton last month and recently endorsed by the G-7. Of the $18 b. total, 70% will be provided through a Supplemental Reserve Facility at interest rates 300-500 basis points above normal IMF lending rates, and 30% will be provided via a 3-year stand-by arrangement.

Total IMF contribution	$18.0 billion
First disbursement amount (After approval of Brazil's program by the IMF Executive Board)	$5.25 billion SRF-$4.25 billion SBA-$0.75 billion
Second disbursement amount (Contingent on successful IMF review by February, 1999)	$5.25 billion SRF-$4.25 billion SBA-$0.75 billion

2. Multilateral Development Banks -- The World Bank and Inter-American Development Bank contributions will provide assistance to Brazil to support improved social safety nets and banking reform, among other things:

*includes $1.1 billion loan approved in Sept. 1998.
**includes $300 million of the $1.1 billion loan.

	World Bank	IADB
Total contribution	$4.5 billion	$4.5 billion*
Disbursed by end-1998	$1.375 billion	--
Disbursed by end-1999	$3.0 billion	$3.7 billion**

3. Bilateral financing -- Twenty countries will provide financing, in most cases to guarantee credits extended to Brazil by the Bank for International Settlements (BIS). The total amount is approximately $14.5 billion, of which the U.S. contribution will be $5 billion. We anticipate the following countries will offer bilateral support.

Austria	Greece	Portugal
Belgium	Ireland	Spain
Canada	Italy	Sweden
Denmark	Japan	Switzerland
Finland	Luxembourg	U.K.
France	Netherlands	U.S.
Germany	Norway