Brazil to Defend Economy at IMFC: Daily

By Ben Tavener, Senior Contributing Reporter

RIO DE JANEIRO, BRAZIL – Brazilian Finance Minister Guido Mantega is set to defend the use of unconventional monetary policies by emerging economies, including Brazil, to counteract the damaging effects of the global economic crisis, in a speech to the International Monetary and Financial Committee (IMFC) on Saturday at the spring meeting of the International Monetary Fund (IMF) and the World Bank.

According to reports, Mantega will tell the IMFC – the political arm of the IMF – that it is “unrealistic and undemocratic” to expect emerging countries to resort to “traditional policies” to deal with knock . . .

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