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U.S. Treasury Secretary Rejects Brazilian Plan To Convert Debt Into Bonds; Brazil Modifies Approach

LADB Article ID: 076164
Category/Department: General
Date: Thursday, September 10, 1987
By: John Neagle

After US Treasury Secretary James Baker expressed a distinct lack of enthuasiasm, on Sept. 8 Brazilian Finance Minister Luis Carlos Bresser Pereira announced his government would withdraw its proposal to convert half of Brazil's $68 billion comm...

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