Questão de Língua Inglesa

www.tecconcursos.com.br www.tecconcursos.com.br Leia o texto e responda as questões de números 51 a 60. IFC may give Brazil more The World Bank arm could step up loans by “neutralizing” foreign exchange risk The International Finance Corporation (IFC), an arm of the World Bank which finances projects in the private sector, may soon step up loans to Brazil. “I am happy because the IFC has some hundreds of thousands of dollars available [for Brazil],” Bernard Pasquier, IFC’s soon-to-be director for Latin America and Caribbean, told Gazeta Mercantil in an interview. “Brazil will now need the IFC more than it did in the last two years,” he added. Pasquier is due to take office in September. More financing to Brazil, IFC’s second biggest beneficiary after Argentina, will be made possible after the international organ develops financial products to neutralize foreign exchange risk. The IFC has outstanding loans to Brazil of some $1.217 billion by June 2000, or an amount that had reached IFC’s limit for Brazil exposure. In the last fiscal year which ended in June, IFC took part in ten smaller-scale projects worth a total $182.7 million. The IFC acknowledges that a slower US economy and reduced liquidity in international markets are the main factors putting the brakes on investments in developing countries. However, Pasquier says the IFC could step up financing in times like this. “The IFC is known to react the opposite way normal investors do,” he said. “When most people leave the market, that’s when our appetite grows. Brazil will continue to be one of our priorities.” He added that IFC loans were longer in term compared to those by private banks, and for that reason, “difficult times could be good for the IFC.” Source: IFC

(GAZETA MERCANTIL International Weekly Edition Sept. 3 to 9, 2001)