Regulatory Alerts2020-04-09 | Resolução CMN 4801CMN Resolution No. 4801 Authorizes Extension of Repayment for Rural Credit Operations for Producers Affected by Social Distancing Measures Due to the Covid-19 Pandemic
The Brazilian National Monetary Council, via the Central Bank of Brazil, authorized financial institutions to extend the maturity of rural credit installments for producers whose sales were hindered by social distancing measures until August 15, 2020. The resolution establishes special credit lines for family farmers under Pronaf and medium producers under Pronamp, setting specific interest rates, credit limits, and repayment terms to support those impacted by the pandemic. Additionally, it modifies regulations regarding the Price Guarantee Financing for Producers (FGPP) and allows certain balances to count toward Pronaf sub-requirement compliance.
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