Brazil’s finance minister said debt talks are stalled.
Finance Minister Ernane Galveas said problems with the International Monetary Fund over Brazil’s inflation--227% last year--make it impossible to complete refinancing of $45 billion in debt with international banks before President-elect Tancredo Neves takes office March 15, the first civilian government after 21 years of military-backed regimes.
More to Read
Start your day right
Sign up for Essential California for news, features and recommendations from the L.A. Times and beyond in your inbox six days a week.
You may occasionally receive promotional content from the Los Angeles Times.
