Brazil’s top economic officials won’t attend G20

* Brazil’s Mantega will not attend G20 due to FX issues

* Brazil’s Meirelles will also not go to G20 this week

* Cancellations come ahead of Brazil’s election run-off

BRASILIA, Oct 18 (BestGrowthStock) – Brazil’s top economic
officials will not be attending meetings of Group of 20 finance
ministers and central bank governors in South Korea this week,
the finance ministry and central bank press offices said on
Monday.

Finance Minister Guido Mantega canceled his trip because of
currency issues, the press office confirmed, adding that he had
just come back from an international trip and would be
accompanying President Luiz Inacio Lula da Silva to the Group
of 20 leaders meeting next month.

Reuters reported on Friday that Mantega would not be
attending the meeting and would unveil new currency measures
aimed at containing a rapid rise in the real (BRBY: ) this week.
For more see [ID:nN15261854].

Central Bank President Henrique Meirelles will also not be
attending the G20 this week because the bank holds its monetary
policy meeting on Tuesday and Wednesday, the press office of
the central bank said.

Latin America’s largest economy has sought to project
itself onto the international stage in recent years, and the
G20 has been an important forum for its increasing clout as a
major emerging market.

Brazil also holds presidential run-off elections on Oct.
31.
(Reporting by Ana Nicolaci da Costa; Editing by James
Dalgleish)

Brazil’s top economic officials won’t attend G20