Fraga says meeting with int'l bankers a success

BRAZIL - Brazilian central bank chairman Arminio Fraga said his meeting with international bankers in New York Monday was successful, Brazilian daily O Globo reported. Finance minister Pedro Malan was also present and said Brazil is prepared to honour its external debt obligations.

Fraga met with representatives from more than 10 international banks with the aim of persuading them to continue providing financing for Brazilian exporters.

The bankers pledged to maintain current financing levels

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