PART ONE
·You will hear the speech of the Managing Director of the International Monetary Fund at the press conference.
·As you listen, for questions 1—12, complete the notes, using up to three words or a number.
·You will hear the recording twice.
Agreement with Brazil
NOTES
Host of the press conference:
1. The Managing Director will attend a meeting of the______.
Mr. Alex Kafka:
2. Mr. Alex Kafka has been the______.
3. Mr. Alex Kafka has decided to______.
4. The Executive Board has adopted a______
Agreement with Brazil:
5. Negotiations concluded on a: strong______.
6. Conversations concluded last night on______.
7. This program addresses the chief sources of Brazil’s external______.
8. Brazil is now tackling deficit in a serious and______.
9. Brazil’s three-year fiscal program targets primary surpluses of 2.6 percent of GDP in______
Commitment of the Brazilian authorities:
10. to open up the______
11. to ensure firm monetary discipline and______.
12. to maintain the current exchange rate______