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Brazil is on a roll here….

Wow, The 2014 World Cup,
2016 Olympic Games and now
this ? ! ?

Brazil purchases a bonus of U$D10 Billion and becomes a creditor for The
International Monetary Fund for the first time in history ! ! !

The good news does not seem to stop surging for Brazil. Risk-Assessment, Financial and Credit Ratings
will go through the roof now to Class-A rating. This is it…Brazil is officially in The Big Boys Club!
Everyone is already scrambling to invest in Brazil, whether in the real estate property market,
services, banking, manufacturing, foreign trade, Forex brokering or any other sectors….

Excerpt from France Presse

Brazil officially committed itself to acquire U$D10 Billion in bonus from The
International Monetary Fund this Monday October 5th 2009 and reflecting its
growing weight in the global economy circuit. “ We passed from being borrowers to
being lenders. This is a radical change.” Declared Guido Mantega, The Minister
of Brazilian IRS (Ministro da Fazenda) after delivering a letter to the General
Director of International Monetary Fund.

Mantega had announced that Brazil will lend the funds to IMF in June. In April,
when the idea of the possibility was announced for the first time President Inacio
Lula da Silva asked the journalists that were covering the G20 event in London “
Don’ t you guys thin that Brazil lending capital to IMF is elegant?”

“ This is a historic moment for us. This is the first time Brazil lends funds to IMF
and therefore to the International Community” , emphasized Mantega who
participates at the annual meetings in Istanbul.

The minister reminded of the U$D30 Billion 2002 IMF Package that Brazil
benefited from. The amount was the highest lent in history by any financial
institution.

Applying rigorous auditing President Lula cleared the debt in 2005. Brazil is
amongst the countries that are dealing very well and overcoming the global
economic crisis after a very short recession.

In my personal opinion Brazil did not have a true recession. But we are not going
into details as to on which grounds.

Mantega made the announcement three days after Rio de Janeiro’ s victory (Oct
2nd 2009) in the competition for the 2016 Olympic Games over Chicago, Madrid
and Tokyo.

The Brazilians partied all weekend long and went back on Monday to working hard.

In the letter delivered to the hands of General Director of IMF, Strauss-Kahn,
Brazil commits to “ sign an agreement for the purchase of the bonus emitted by
IMF for the value of U$D10Billion on the terms of the signed contracts” ,
explained Mantega. “ We are signing for two years” declared the minister, adding
that the agreement will be ratified “ in the next few days.”

“ It is important to state that the capital is a part of our reserves but this does not
signify that it will in any kind of way diminish Brazil’ s internal availability &
capacity. It is only a change in our assets,” stressed Mantega, stating that the
country purchased bonus which can be sold to any other country without returning
it to IMF.

“ With these resource s IMF will be able to assist countries that are in need of
liquidity” , said the minister, explaining that, with this attitude, Brazil responded
to General Director Strauss-Kahn solicitations made to the members of the fund
not to accumulate their capital reserves but rather contribute to the recuperation
of the global economy.

BRIC

According to Mantega, The BRIC countries ( Brazil, Russia, India and China)
decided to purchase a total of U$D80 Billion in bonus from the fund distributed in
the following manner: U$D50Billion Peking, U$D10Billion each Brasilia, Moscow
and New Delhi.

Now, the four countries are going to negotiate a possibility to allocate their
respective titles in new agreements in order to obtain new loans for a program
which then will permit the IMF to make available U$D500 Billion for fast relief to
the countries with the most difficulties.

The BRICs, furthermore, made conditions on this decision for a guarantee that
their decision powers will be proportional to the contributions made to this
program. The fund, in return, committed to raise the earnest interest rates up 5%
for the emerging countries until 2011.

The U$D80 Billion invested by the BRICs represent 16% of the U$D500 Billion in
the program, which would give the group minority blocking powers.

On Sunday, Strauss-Kahn announced that the institution was in great need of “
considerable increase” of resources to assist the countries most affected by the
worst crisis since The Great Depression.
Translated and enriched by:

©Martin Gajewski Jr.

Offshore Investment Consultant Brazil

Fortaleza City, North East Region

http://www.google.com/profiles/JazMartin

http://www.linkedin.com/pub/martin-gajewski-junior/2/4b5/380

http://www.orkut.com.br/Main#Profile?rl=fpp&uid=4754384024518625082

©Martin Gajewski Jr. & Glenda B. M. Chagas July, 30th, 2009. All rights reserved. This article is strictly prohibited from reproducing or
copying in part or its entirety without prior written consent permission from the author. All credits have to be included in any reproduction of
this material if there is an agreement in place to do so. Breach of these rights will be pursued to the fullest extent of the law.

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