CMN Resolution No. 4,896 — Allows fulfillment of Rural Credit Exigibility for Mandatory Resources (MCR 6-2) with Investment Operations for Pronaf Beneficiaries and Exceptionally Extends Reimbursement Period for Agroindustry Family Industrialization Credit Line

Resolution No. 4,896

CMN RESOLUTION NO. 4,896, OF FEBRUARY 26, 2021

Allows the fulfillment of the exigibility of rural credit from Mandatory Resources (MCR 6-2) with investment operations carried out with beneficiaries of the National Program for Strengthening Family Agriculture (Pronaf) and exceptionally extends the reimbursement period for operations contracted under the credit line for industrialization for Family Agroindustry, as provided for in Section 11 (Pronaf Industrialization of Family Agroindustry) of Chapter 10 (Pronaf) of the Rural Credit Manual (MCR).

The Central Bank of Brazil, in accordance with art. 9 of Law No. 4,595, of December 31, 1964, makes public that the National Monetary Council, in a session held on February 25, 2021, considering the provisions of arts. 4, item VI, of Law No. 4,595, of 1964, 4, 14 and 21 of Law No. 4,829, of November 5, 1965, and 5 of Law No. 10,186, of February 12, 2001,

R E S O L V E D:

Art. 1. It is admitted that up to 2% (two percent) of the Pronaf Sub-exigibility, as provided for in Item 10 of Section 2 of Chapter 6 of the Rural Credit Manual (MCR 6-2-10), may be fulfilled with investment operations supported by the National Program for Strengthening Family Agriculture (Pronaf), under the conditions of MCR 10-5-5-“d”, contracted between the date of publication of this Resolution and June 30, 2021.

Art. 2. It is admitted that the maximum reimbursement period provided for in MCR 10-11-1-“e” shall be 24 (twenty-four) months for operations contracted under MCR 10-11 between the date of publication of this Resolution and June 30, 2021.

Art. 3. The balances of the operations referred to in art. 1 and art. 2 may be used to fulfill the Pronaf Sub-exigibility as long as the operation remains backed by Mandatory Resources.

Art. 4. The provisions of the MCR, mentioned in art. 1 and art. 2, in force on the date of publication of this Resolution, shall apply.

Art. 5. This Resolution enters into force on the date of its publication.

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