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FAO, G-11, G-15, G-19, G-24, G-77, IADB, IAEA, IBRD, ICAO, ICC, ICFTU, ICRM, IDA, IFAD, IFC, IFRCS, IHO, ILO, IMF, IMO, Inmarsat, Intelsat, Interpol, IOC, IOM (observer), ISO, ITU, LAES, LAIA, Mercosur, MIPONUH, MONUA, MTCR, NAM (observer), NSG, OAS, OPANAL, PCA, RG, UN, UN Security Council (temporary), UNCTAD, UNESCO, UNHCR, UNIDO, UNMOP, UNPREDEP, UNU, UPU, WCL, WFTU, WHO, WIPO, WMO, WToO, WTrO Diplomatic representation in the US: chief of mission: Ambassador Paulo Tarso FLECHA de LIMA chancery: 3006 Massachusetts Avenue NW, Washington, DC 20008 telephone: [1] (202) 238-2700 FAX: [1] (202) 238-2827 consulate(s) general: Atlanta, Boston, Chicago, Houston, Los Angeles, Miami, New York, San Juan (Puerto Rico), and San Francisco Diplomatic representation from the US: chief of mission: Ambassador Melvyn LEVITSKY embassy: Avenida das Nacoes, Lote 3, Brasilia, Distrito Federal mailing address: Unit 3500, APO AA 34030 telephone: [55] (61) 321-7272 FAX: [55] (61) 225-9136 consulate(s) general: Rio de Janeiro, Sao Paulo consulate(s): Recife Flag description: green with a large yellow diamond in the center bearing a blue celestial globe with 27 white five-pointed stars (one for each state and the Federal District) arranged in the same pattern as the night sky over Brazil; the globe has a white equatorial band with the motto ORDEM E PROGRESSO (Order and Progress) @Brazil:Economy Economy-overview: Possessing large and well-developed agricultural, mining, manufacturing, and service sectors, Brazil's economy outweighs that of all other South American countries and is expanding its presence in world markets. Prior to the institution of a stabilization plan-the Plano Real (Real Plan) in mid-1994, stratospheric inflation rates had disrupted economic activity and discouraged foreign investment. Since then, tight monetary policy has brought inflation under control-consumer prices increased by less than 5% in 1997 compared to more than 1,000% in 1994. At the same time, GDP growth slowed from 5.7% in 1994 to about 3.0% in 1997 due to tighter credit. The strong currency, another cornerstone of the Real Plan, has encouraged imports-contributing to a growing trade deficit-and restrained export growth. Brazil's more stable economy allowed it to weather the fallout in 1995 from the Mexican peso crisis relatively well. Record levels of foreign investment have flowed in, helping support the Real Plan through financial shocks in O
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