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1. IMF --The IMF assistance to Brazil totals approximately $18 billion. The structure of the package is in line with the enhanced IMF facility proposed by President Clinton last month and recently endorsed by the G-7. Of the $18 b. total, 70% will be provided through a Supplemental Reserve Facility at interest rates 300-500 basis points above normal IMF lending rates, and 30% will be provided via a 3-year stand-by arrangement.
| Total IMF contribution | $18.0 billion |
| First disbursement amount (After approval of Brazil's program by the IMF Executive Board) | $5.25 billion SRF-$4.25 billion SBA-$0.75 billion |
| Second disbursement amount (Contingent on successful IMF review by February, 1999) | $5.25 billion SRF-$4.25 billion SBA-$0.75 billion |
2. Multilateral Development Banks -- The World Bank and Inter-American Development Bank contributions will provide assistance to Brazil to support improved social safety nets and banking reform, among other things:
| World Bank | IADB | |
| Total contribution | $4.5 billion | $4.5 billion* |
| Disbursed by end-1998 | $1.375 billion | -- |
| Disbursed by end-1999 | $3.0 billion | $3.7 billion** |
3. Bilateral financing -- Twenty countries will provide financing, in most cases to guarantee credits extended to Brazil by the Bank for International Settlements (BIS). The total amount is approximately $14.5 billion, of which the U.S. contribution will be $5 billion. We anticipate the following countries will offer bilateral support.
| Austria | Greece | Portugal |
| Belgium | Ireland | Spain |
| Canada | Italy | Sweden |
| Denmark | Japan | Switzerland |
| Finland | Luxembourg | U.K. |
| France | Netherlands | U.S. |
| Germany | Norway |