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One Radical Idea for Fixing Brazil’s Politics: an IMF Bailout

  • Jen says IMF conditions would help overcome political disarray
  • `It’s a little wacky, but I think it makes so much sense'
Dilma Rousseff, Brazil's president.

Dilma Rousseff, Brazil's president.

Photographer: Lula Marques/Bloomberg
Updated on

Stephen Jen has a proposal for Brazil to get out of the current economic mess: ask for a bailout from the International Monetary Fund.

Not that Brazil needs the funding, said Jen, a former IMF economist. Latin America’s largest economy holds $371 billion in foreign reserves, almost 10 times the amount of the government’s foreign-currency debt.