MEETING WITH PFIAB ON BRAZIL ON 11 MARCH AT 1030

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP89B00224R000903110002-1
• Release Decision: RIPPUB
• Original Classification: S
• Document Page Count: 1
• Document Creation Date: December 22, 2016
• Document Release Date: July 22, 2011
• Sequence Number: 2
• Publication Date: March 10, 1987
• Content Type: MEMO

Sanitized Copy Approved for Release 2011/07/22 :CIA-RDP89B00224R000903110002-1
The Director of Central Intelligence
Waahin{ton, D.C. 20505
National Intelligence Council
MEMORANDUM FOR: Acting Director of Central Intelligence
FROM: Deane E. Hoffmann
National Intelligence Officer for Economics
NIC 01069-87
10 March 1987
SUBJECT: Meeting with PFIAB on Brazil on 11 March at 1030
1. The attached materials provide background for your meeting; they are
intended to supplement the talking points provided by the DDI and the
background paper on Third World debt prepared for Judge Webster by OGI.
2. You might wish to add the following key points to your presentation.
There is anew weariness of servicing debt among the Latin debtors
and creditor banks which is reflected in Brazil's radical stance.
In the past, debt moritoria were aimed at getting the attention of
creditors to obtain more funds or better terms. The Brazilian
moratorium may, however, be a strong statement that it is unwilling
under any circumstances to continue servicing the debt fully.
Unless the Brazilian affair is handled skillfully, we may need to
undertake a significant rescue operation of some banks, given the
likelihood that others will~f'ollow Brazil's path.
A. Roots of the Debt Problem
B. Graph on Mexico: Real Interest Rate on External Debt
C. NIC Production on Debt
D. Brazil: Outlook for Debt: Concept/TORS of Fast-Track SNIE 93-87
E. oo eration on hir Wor d Debt Unravelin Threat Outlook, 11 Feb 87
F. Braze s conomic ro ems Worsenin hreat Outlook, 17 Dec 86
G. conomic ro ems in Brazi rest Outlook_ 24 Seo 86
I. a in merica: rapp Ong i e e Key Judgments of NIE 80/90/3-85
Sanitized Copy Approved for Release 2011/07/22 :CIA-RDP89B00224R000903110002-1