Regulatory Alerts2025-12-18 | Resolução CMN 5275CMN Resolution No. 5,275 — Instituting Dynamic, Regionalized, or Full Block on Proagro Program Enrollment
The National Monetary Council of Brazil, via the Central Bank, institutes a dynamic, regionalized, or full block on agricultural credit enrollment in the Proagro program when projected expenses exceed the available budget plus expected revenue. The resolution establishes an actuarial methodology based on Unearned Additional (AnG) and Reported Losses (PC) ratios to determine the percentage of municipalities subject to enrollment restrictions. These blocks are updated every fifteen days and remain in effect until the financial indicators fall below the defined thresholds, with data shared with relevant ministries for potential budgetary interventions.
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