Stênio Ribeiro
Reporter Agência Brasil

Brasília – Brazil's international reserves rose US$388 million in August, closing out the month at slightly more than US$55 billion, a figure which includes loans from the IMF. If the IMF loans are not included, Brazil's international reserves closed out the month of August at US$40.4 billion.

The most recent consolidated data on foreign debt is from June, the end of the second quarter, when there was a US$10.6 billion drop in the size of Brazil's foreign debt (going from around US$201 billion to US$191 billion). At that time, Brazil paid off a series of obligations: US$3.7 billion in foreign exchange debt to commercial banks, US$1.7 billion to the IMF, US$808 million to the Club of Paris, and US$930 million in Bradies. However, at the same time, there was an exchange rate valorization totalling US$2.5 billion.

Translator: Allen Bennett