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World IN BRIEF : LATIN AMERICA : Haitian Trade Embargo Backed

From Times Staff and Wire Reports

Latin presidents closed a summit in Cartagena, Colombia, by emphatically pledging to reinforce a trade embargo against Haiti’s military-backed government. But the presidents failed to define a clear hemisphere policy for encouraging democracy in Cuba. Meanwhile, Brazilian President Fernando Collor de Melo promised to formalize Brazil’s first economic program sponsored by the International Monetary Fund in exchange for $2 billion in IMF credits. Brazil’s finance minister said the country will issue a letter of intent in Washington today outlining the 20-month program, aimed at reducing Brazil’s soaring inflation.


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