CMN Resolution No. 4965 - Defines resources for financing under the Fund for the Defense of the Coffee Economy (Funcafe)

Resolution No. 4,965

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

CMN RESOLUTION NO. 4,965, OF NOVEMBER 25, 2021

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

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 November 25, 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,

R E S O L V E D:

Art. 1 Section 8 (Resource Direction) of Chapter 9 (Fund for the Defense of the Coffee Economy – Funcafe) of the Rural Credit Manual (MCR) shall be in effect with the following changes:

“1 - ..................................................................................................................

a) Section Working Capital Credit: up to R$1,410,500,865.00 (one billion, four hundred and ten million, five hundred thousand, eight hundred and sixty-five reais);

b) Section Marketing Credit: up to R$1,946,601,191.00 (one billion, nine hundred and forty-six million, six hundred and one thousand, one hundred and ninety-one reais);

c) Section Financing for Coffee Acquisition (FAC): up to R$1,245,530,676.00 (one billion, two hundred and forty-five million, five hundred and thirty thousand, six hundred and seventy-six reais);

d) Section Credit for Options Contracts and Operations in Futures Markets: R$0.00 (zero);

e) Section Credit for Working Capital for Soluble Coffee and Coffee Roasting Industries and for Production Cooperatives: up to R$695,801,268.00 (six hundred and ninety-five million, eight hundred and one thousand, two hundred and sixty-eight reais);

f) Section Credit for Recovery of Damaged Coffee Plantations: up to R$654,478,000.00 (six hundred and fifty-four million, four hundred and seventy-eight thousand 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