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FORM 18-K
For Foreign Governments and Political Subdivisions Thereof
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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ANNUAL REPORT
of
FEDERATIVE
REPUBLIC OF BRAZIL
(Name of Registrant)
Date of end of last fiscal year: December 31, 2001
SECURITIES REGISTERED*
(As of the close of the fiscal year)
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Amounts as to Names of
which registration exchanges on
Title of Issue is effective which registered
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N/A N/A N/A
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Names and addresses of persons authorized to receive notices
and communications from the Securities and Exchange Commission
Rubens A. Barbosa
Ambassador of Brazil
Embassy of Brazil
3006 Massachusetts Avenue, N.W.
Washington, D.C. 20008
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* The Registrant is filing this annual report on a voluntary basis.
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FEDERATIVE REPUBLIC OF BRAZIL ("BRAZIL" OR THE "REPUBLIC")
The information set forth below is to be furnished:
1. In respect of each issue of securities of the registrant registered, a
brief statement as to:
(a) The general effect of any material modifications, not previously
reported, of the rights of the holders of such securities.
No such modifications.
(b) The title and the material provisions of any law, decree, or
administrative action, not previously reported, by reason of which the
security is not being serviced in accordance with the terms thereof.
No such provisions.
(c) The circumstances of any other failure, not previously reported, to
pay principal, interest, or any sinking fund or amortization installment.
No such circumstances.
2. A statement as of the close of the last fiscal year of the registrant
giving the total outstanding of:
(a) Internal funded debt of the registrant. (Total to be stated in the
currency of the registrant. If any internal funded debt is payable in a
foreign currency it should not be included under this paragraph (a), but
under paragraph (b) of this item).
The internal funded debt of the Republic as of December 31, 2001 totaled
R$642.2 billion.
(b) External funded debt of the registrant. (Totals to be stated in the
respective currencies in which payable. No statement need be furnished as to
intergovernmental debt).
As of As of As of
December 31, December 31, December 31,
1999 2000 2001
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Repayable in U.S. Dollars............................ $49,112 $49,025 $45,837
Repayable in Deutsche Marks.......................... DM 3,550 DM 5,400 DM 4,380
Repayable in Japanese Yen............................ (Yen) 409,424 (Yen) 389,475 (Yen) 524,702
Repayable in French Francs........................... FFR 6,358 FFR 11,129 FFR 9,010
Repayable in Pounds Sterling......................... GBP 119 GBP 560 GBP 477
Repayable in Swiss Francs............................ CHF 264 CHF 242 CHF 195
Repayable in Canadian Dollars........................ CDN$ 224 CDN$ 202 CDN$ 133
Repayable in Euro.................................... EUR 2,633 EUR 5,261 EUR 6,182
Repayable in Italian Lira............................ ITL 752,170 ITL 739,782 ITL 2,295
Repayable in Austrian Schilling...................... ATS 2,062 ATS 2,214 ATS 2,052
Repayable in Dutch Guilder........................... NLG 0 NLG 411 NLG 385
Repayable in Belgian Franc........................... BEF 0 BEF 759 BEF 598
IMF Special Drawing Rights........................... SDR 2,241 SDR 0 SDR 0
II) External Funded Debt by Type of Interest Rate (In
US$ Equivalent)
Floating Rate........................................ 31,601 27,902 19,010
Fixed Rate........................................... 37,358 44,690 52,181
Total................................................ 68,959 72,592 71,191
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* Includes Central Bank, public enterprises, mixed ownership enterprises,
semi-autonomous entities, states and municipalities. In addition, such
entities have additional funded debt payable to the World Bank, IDB and
others, denominated primarily in U.S. Dollars, Japanese Yen, Swiss Francs and
Deutsche Marks.
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3. A statement giving the title, date of issue, date of maturity, interest
rate, and amount outstanding, together with the currency or currencies in which
payable, of each issue of funded debt of the registrant outstanding as of the
close of the last fiscal year of the registrant.
Reference is made to tables 38, 39, 40 and 41 on pages D-127 to D-133 of
Exhibit D.
4. (a) As to each issue of securities of the registrant which is
registered, there should be furnished a break-down of the total amount
outstanding, as shown in item 3, into the following :
(1) Total amount held by or for the account of the registrant.
As of December 31, 2001 the registrant held none.
(2) Total estimated amount held by nationals of the registrant (or
if registrant is other than a national government by the nationals of
its national government); this estimate need be furnished only if it is
practicable to do so.
Information not practicable to furnish.
(3) Total amount otherwise outstanding.
Not applicable.
(b) If a substantial amount is set forth in answer to paragraph (a)(1)
above, describe briefly the method employed by the registrant to reacquire
such securities.
Not applicable.
5. A statement as of the close of the last fiscal year of the registrant
giving the estimated total of:
(a) Internal floating indebtedness of the registrant. (Total to be
stated in the currency of the registrant.)
R$34.4 billion as of December 31, 2001.
(b) External floating indebtedness of the registrant. (Total to be
stated in the respective currencies in which payable.)
Reference is made to the response to item 2(b).
6. Statements of the receipts, classified by source, and of the
expenditures, classified by purpose, of the registrant for each fiscal year of
the registrant ended since the close of the latest fiscal year for which such
information was previously reported. These statements should be so itemized as
to be reasonably informative and should cover both ordinary and extraordinary
receipts and expenditures; there should be indicated separately, if
practicable, the amount of receipts pledged or otherwise specifically allocated
to any issue registered, indicating the issue.
Reference is made to table 29 on page D-107 of Exhibit D.
7. (a) If any foreign exchange control, not previously reported, has been
established by the registrant (or if the registrant is other than a national
government, by its national government), briefly describe such foreign exchange
control.
Reference is made to pages D-81 to D-85 of Exhibit D.
(b) If any foreign exchange control previously reported has been
discontinued or materially modified, briefly describe the effect of any such
action, not previously reported.
None.
8. Brief statements as of a date reasonably close to the date of the filing
of this report (indicating such date) in respect of the note issue and gold
reserves of the central bank of issue of the registrant, and of any further
gold stocks held by the registrant.
Reference is made to page D-81 of Exhibit D.
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9. Statements of imports and exports of merchandise for each year ended
since the close of the latest year for which such information was previously
reported. Such statements should be reasonably itemized.
Reference is made to pages D-69 to D-75 of Exhibit D.
10. The balances of international payments of the registrant for each year
ended since the close of the latest year for which such information was
previously reported. The statements of such balances should conform, if
possible, to the nomenclature and form used in the "Statistical Handbook of the
League of Nations." (These statements need be furnished only if the registrant
has published balances of international payments.)
Reference is made to table 14 on page D-68 of Exhibit D.
The annual report comprises:
(a) Pages numbered 1 to 5 consecutively.
(b) The following exhibits: Exhibit A: None
Exhibit B: None
Exhibit C: Copy of the 2002 Annual Budget of the Republic
(in Portuguese)--filed by paper filing under cover
of Form SE
Exhibit D: Current Description of the Republic
(c) Such additional Exhibits as may be filed by the Republic by
amendment to this Annual Report.
This annual report is filed subject to the instructions for Form 18-K for
Foreign Governments and Political Subdivisions Thereof.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this annual report to be signed on its behalf by the
undersigned, thereunto duly authorized, in Brasilia, Brazil on the 28th day of
June, 2002.
FEDERATIVE REPUBLIC OF BRAZIL
By: /s/ SONIA DE ALMENDRA
FREITAS PORTELLA NUNES
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Sonia de Almendra Freitas
Portella Nunes
Attorney of the National
Treasury of Brazil
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EXHIBIT INDEX
Exhibit No. Page No.
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A: None
B: None
C: Copy of the 2002 Annual Budget of the Republic *
D: Current Description of the Republic...........
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* filed by paper filing under cover of Form SE.
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