The World - News from April 29, 1987
Economist Luis Carlos Bresser Pereira was named Brazilian finance minister, succeeding Dilson Funaro, who resigned under fire over his failed anti-inflation policies. Bresser Pereira, 52, is the science and technology secretary for Sao Paulo, Brazil’s most populous and wealthiest state, and also an economics teacher and author. He formerly headed a grocery chain. Considered a moderate and a skilled negotiator, he will hold vital talks with American and other foreign creditor banks on Brazil’s $108-billion foreign debt. Brazil stopped paying interest on about $70 billion in February.
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