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Brazil demands explanation over US spying on IMF

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Brazil has called an unscheduled meeting of the International Monetary Fund (IMF) over reports of the US National Security Agency (NSA) spying on the financial institution. ON Wednesday, Brazil’s IMF representative, Paulo Nogueira Batista, called on the IMF executive board to convene to ask for explanations on the reported NSA espionage. The official declined to divulge what was said at the meeting,... 

Latin American states disapprove of new IMF loans to Greece

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Brazil’s executive director at the IMF Paulo Nogueira Batista Latin American countries have refused to endorse a recent move by the International Monetary Fund (IMF) to release 1.7 billion euros ($2.29 billion) of rescue loans to Greece. Paulo Nogueira Batista, who represents Brazil and 10 other Latin American countries on the IMF executive board, revealed on Wednesday that the group refused... 
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