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As Food Prices Soar, Brazil and Argentina React in Opposite WaysThis forum post is dated 04/13/10. If you feel it is old or outdated, please follow up with a question or comment and someone may be able to update it, or reply with newer information if you have it.
| As Food Prices Soar, Brazil and Argentina React in Opposite Ways One reason for Brazil’s relative success at navigating the current economic crisis is that it maintains US $243 billion in foreign exchange reserves. These reserves have acted as a crisis fund, of sorts, for the Brazilian government. Brazil has been able to use the fund to avoid having to rely on credit lines from international institutions like the International Monetary Fund (IMF). |
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