Regulatory Alerts2020-04-09 | Resolução CMN 4802CMN Resolution No. 4802: Renegotiation of Rural Credit for Producers Affected by Drought and Special Financing for Pronaf, Pronamp, and Procap-Agro
The Central Bank of Brazil, acting on behalf of the National Monetary Council, authorizes financial institutions to renegotiate rural credit operations for producers and cooperatives suffering income losses due to drought in municipalities with declared emergencies. The resolution establishes special credit lines for smallholders under Pronaf, medium producers under Pronamp, and agricultural cooperatives under Procap-Agro, with specific interest rates, limits, and repayment terms. These measures apply to losses occurring between January 1, 2020, and April 9, 2020, with formalization deadlines set for June 30, 2020.
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