CMN Resolution No. 4779 — Defines 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 a session held on February 20, 2020, considering the provisions of Article 4, items VI and VIII, of the aforementioned Law,

R E S O L V E D:

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

Art. 2 This Resolution enters into force on March 2, 2020.

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$3,500,000,000.00	Up to R$8,400,000,000.00
For organs and entities of the Union Up to R$400,000,000.00