CMN Resolution No. 4821 - Amends the Annual Global Limit for Credit Operations with Public Sector Entities in 2020

The Central Bank of Brazil, in accordance with Article 9 of Law No. 4,595 of December 31, 1964, makes public that the National Monetary Council, in an extraordinary session held on June 1, 2020, considering the provisions of Article 4, items VI and VIII, of the aforementioned Law,

R E S O L V E S:

Art. 1 The Annex to Resolution No. 4,589 of June 29, 2017, shall be in effect with the alterations contained in the Annex to this Resolution.

Art. 2 This Resolution enters into force on the date of its publication.

Roberto de Oliveira Campos Neto President of the Central Bank of Brazil

ANNEX (Annex to Resolution No. 4,589 of June 29, 2017)

Annual limit for contracting credit operations with organs and entities of the public sector, to be observed by financial institutions and other institutions authorized to operate by the Central Bank of Brazil.

Year

Operations with Union Guarantee

Operations without Union Guarantee

Total

2018

Up to R$13,000,000,000.00

Up to R$11,000,000,000.00

Up to R$24,000,000,000.00

2019

Up to R$13,500,000,000.00

Up to R$11,000,000,000.00

Up to R$24,500,000,000.00

2020

Up to R$4,500,000,000.00

For organs and entities of the States, the Federal District, and Municipalities

Up to R$7,500,000,000.00

Up to R$12,400,000,000.00

For organs and entities of the Union

Up to R$400,000,000.00