and increased debt to foreign creditors. With the advice of his ministers of finance, Rodrigues Alves and Bernardino de Campos, Prudente negotiated with British bankers to consolidate debt in a financial transaction known as funding loan, based on the policy implemented by Joaquim Murtinho within four years. In foreign policy, a boundary dispute with Argentina arbitrated by U.S. President Grover Cleveland was resolved in favor of Brazil. Historians ascribe that diplomatic success to the efforts and diligence of the Brazilian Government's representative, the Baron of Rio Branco, appointed by Morais to lead the Brazilian delegation in the arbitration process. References External links 1841 births 1902 deaths University of São Paulo alumni Presidents of Brazil Presidents of the Federal Senate (Brazil) Governors of São Paulo (state) Republican Party of São Paulo politicians Federal Republican Party (Brazil) politicians Liberal Party (Brazil) politicians Brazilian people of Portuguese descent Candidates for President of Brazil Brazilian slave owners