Brazil Said to Be Prepared to Help Europe Rescue Through IMF

Brazil stands ready to help Europe recover from its debt crisis if the South American nation’s contributions are channeled through the International Monetary Fund or bilateral agreements, said a Brazilian government official with knowledge of the talks.

While the lack of details on yesterday’s European rescue package makes it hard to evaluate, Brazil will attend the Group of 20 meeting in Cannes next week open to helping Europe and other nations through the IMF, said the official, who declined to be named because he’s not authorized to discuss the talks publicly. Any contribution from Brazil would come from its international reserves, not its sovereign fund, he said.