CMN Resolution No. 4,938 — Defines Resources for Financing Under the Coffee Economy Defense Fund (Funcafé)

RESOLUTION NO.

The current text of the MCR is available at the following electronic address: www3.bcb.gov.br/mcr.

CMN RESOLUTION NO. 4,938, OF AUGUST 17, 2021

Defines the resources for financing under the Coffee Economy Defense Fund (Funcafé).

The Central Bank of Brazil, in accordance with Article 9 of Law No. 4,595, of December 31, 1964, makes public that the Monetary National Council, in an extraordinary session held on August 17, 2021, considering the provisions of Article 4, item VI, of Law No. 4,595, of 1964, Articles 4 and 14 of Law No. 4,829, of November 5, 1965, the sole paragraph of Article 4 of Decree No. 94,874, of September 15, 1987, and Article 6 of Law No. 10,186, of February 12, 2001,

RESOLVES:

Art. 1 Section 8 (Resource Allocation) of Chapter 9 (Coffee Economy Defense Fund – Funcafé) of the Rural Credit Manual (MCR) shall be amended as follows:

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a) Cultivation Credit Section: up to R$1,280,000,000.00 (one billion and two hundred and eighty million reais);

b) Marketing Credit Section: up to R$1,766,800,000.00 (one billion seven hundred and sixty-six million and eight hundred thousand reais);

c) Coffee Acquisition Financing – FAC Section: up to R$1,083,129,600.00 (one billion, eighty-three million, one hundred and twenty-nine thousand and six hundred reais);

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e) Working Capital Credit for Soluble Coffee and Coffee Roasting Industries and Production Cooperatives Section: up to R$504,400,000.00 (five hundred and four million and four hundred thousand reais).

f) Damaged Coffee Plantation Recovery Credit Section: R$0.00 (zero reais).” (NR)

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