At an extraordinary meeting held on Thursday (13th), the National Monetary Council (CMN) approved a resolution to improve the rules for an emergency loan facility for Brazilian companies affected by additional US tariffs on Brazilian goods. This decision supports the joint ordinance signed by the Ministry of Development, Industry, Commerce and Services (Mdic) and the Ministry of Finance; value.
The measures aim to preserve liquidity, sustain production and protect jobs in sectors most exposed to external tariff shocks.
Total value row 30 billion reaisestablished by CMN Resolution No. 5,242 of August 22, 2025, on the basis of Temporary Measure No. 1,309 of August 13, 2025, which authorized the use of the surplus of the Export Guarantee Fund (FGE) calculated in 2024.
The new resolution expands the scope of the program, adjusts financial burdens and eligibility criteria, and strengthens public policy effectiveness and regulatory clarity. Suppliers of exporting companies are now also included as beneficiaries of the loan facility.
These suppliers will be eligible for financing for the period July 2024 to June 2025, as long as at least 5% of their revenue is affected by North American tariffs and at least 1% of their revenue is from supplies to exporters.
Additionally, for exporting companies, the resolution also reduces the minimum percentage of export-related revenue that is subject to tariffs from 5% to 1%. It also makes it easier for companies within economic groups and complex corporate structures to obtain credit, where it was previously difficult to prove this requirement.
According to the resolution, the definition of the table of eligible products will now be carried out by joint legislation of the Ministers of Finance and Development, Industry, Commerce and Services to ensure consistency with the Industrial and Commercial Policy Guidelines. FGE’s fee rate has also been adjusted and now ranges from 1% to 6% per year, depending on company size and funding purpose.
This resolution will come into force on the date of publication and will be implemented by the National Bank for Economic and Social Development (BNDES) and other authorized financial institutions.
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