Burdened with debts and hobbled by a shortage of capital, Brazil urgently needs help from the U.S. Last week a mission headed by Engineer Lucas Lopes, who is President Juscelino Kubitschek's No. 1 economic-development braintruster, arrived in Washington from Rio to ask for massive loans from the U.S. Government's Export-Import Bank.
Within the next few months, the Brazilians hope to get from Ex-Im: 1) aid in refunding part of Brazil's $1.2 billion foreign debt so as to ease the repayment strain during the next five years; and 2) long-term loans, actual or promised, covering a large part of the dollar...
To continue reading:
or
Log-In
