Annual lists 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995

Ottawa, August 8, 2002
2002-066

Statement by G-7 Finance Ministers on Framework for International Monetary Fund Program for Brazil

John Manley, Deputy Prime Minister of Canada and Minister of Finance, and Chair of the G-7 Finance Ministers, released today the following statement on behalf of his G-7 colleagues:

“We welcome the agreement on a framework reached yesterday by the Government of Brazil and the IMF for a new Fund program, supported by sound macroeconomic policies and institutional arrangements in Brazil, which should help restore market confidence. We look forward to the presentation to the IMF Board of the final agreement based on prudent fiscal and monetary policies and an overall economic program that lays the basis for strong economic growth.”

___________________
For further information:

If you would like to receive automatic e-mail notification of all news releases, please visit the Department of Finance Canada Web site at http://www.fin.gc.ca/scripts/register_e.asp.