Apoio financeiro externo e estabilizacao economica
In: Brazilian journal of political economy: Revista de economia política, Band 13, Heft 1, S. 135-148
ISSN: 0101-3157
This essay tries to evaluate Minister Marcilio Marques Moreira's approach on Brazil's external debt negotiations. It starts recognizing that external debt restructuring should contribute simultaneously to the correction of public sector financial imbalances and to the stability of the exchange rate. The decision to simply adhere to current Paris Club and Brady Plan type agreements for middle-income countries will result in small debt service relief. Minister Marcilio's strategy requires therefore further public sector adjustment and new capital inflows to succeed