Take advantage of Brazil's economic growth

December 21, 2005

In a highly unusual move for a Latin American country, Brazil will pay off the rest of its debt to the International Monetary Fund (IMF) a year ahead of time. Brazil's payment of $15.46 billion will be paid by the end of December. The funds will come from Brazil's monetary reserves that have reached
$66.7 billion.

What It Means:
Brazil's economy is strong, thanks to improved policies, trade alliances with other countries, notably China, and increased FDI (Foreign Direct Investment).

Action Steps:
Be sure to include Brazil as part of an overall South American mutual fund in your retirement portfolio.