Brazil Secures World Bank loan

World | March 30, 2003, Sunday // 00:00

Brazil has secured World Bank loans worth USD 505 M to finance its social programme. World Bank President James Wolfensohn said Brazil could look forward to an influx of foreign investment once the war with Iraq is over. "You do not have the immediate problems that the Middle East does, or the fundamentalism or trans-Atlantic differences that exist today. After we get out of this crazy situation in the world, there could be advantages for Brazil," he said.

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