A group of Latin American countries refused to back an IMF move this week to keep bankrolling Greece, citing risks of non-repayment, and the Fund itself said Athens might need faster debt relief from Europe.
Brazil could experience a flight of capital should the European sovereign-debt crisis worsen, and the country may use interest rates and US dollar reserves to combat contagion, an International Monetary Fund director said.
Former IMF chief Dominique Strauss-Kahn apologized Monday to the institution's staff in his first return visit since charges of sexual assault against him were dropped last week. He was greeted with warm applause.
Representatives of leading emerging market countries at the IMF have warned the Fund's management against pouring more large sums of money into Greece's second bailout, the Financial Times reported on Thursday.
An IMF staff proposal to endorse capital controls in limited circumstances aroused opposition from Brazil and other nations seeking greater freedom to stem inflows of money from overseas.