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PRESIDENT OF THE IADB IGLESIAS GREETS COVAS OF SAO PAULO, 1998-11-30 (photo)

IMAGE number
REU8075953
Image title
PRESIDENT OF THE IADB IGLESIAS GREETS COVAS OF SAO PAULO, 1998-11-30 (photo)
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Medium
photograph
Date
1998 AD (C20th AD)
Shooting Date
1998-11-30
Image description

The president of the IADB (Inter-American Development Bank), Enrique Iglesias (L), gestures during his meeting with Sao Paulo's Governor Mario Covas, at the governors house in Sao Paulo, November 30. Iglesias said that the government's fiscal plan to increase taxes and trim spending to raise $84 billion dollars, along with a $41.5 billion dollar international line of credit will help pull Brazil back from the brink of a financial crisis. As the measures are implemented, capital markets should open back up to Brazil. The IADB is going to provide loans for small and medium businesses in Brazil. PW/LJM/HB/SB

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REUTERS / Bridgeman Images
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