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Wednesday, October 28, 1998 Published at 13:08 GMT
World: Americas
Brazil's 23 billion dollar austerity measures are announced
The Brazilian finance minster Pedro Malan, has unveiled a twenty three billion dollar austerity plan of budget cuts and tax hikes to shore up the economy.
The long-awaited plan, released by the Finance Ministry, was expected to pave the way for an estimated $30 billion credit line led by the International Monetary Fund.
From the newsroom of the BBC World Service
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