CMN Resolution No. 5,035 — Amending Resolutions CMN Nos. 4,987 and 4,988 of March 8, 2022, Regarding Emergency Credit Lines from the Northeast Constitutional Financing Fund (FNE)

Resolution No. 5,035

CMN RESOLUTION NO. 5,035, OF JULY 26, 2022

Amends Resolutions CMN Nos. 4,987 and 4,988, both of March 8, 2022, which established emergency credit lines with resources from the Northeast Constitutional Financing Fund (FNE) and established conditions for the extension of credit operations owned by entrepreneurs whose activities were harmed by excessive rains in municipalities within the area of operation of the Superintendency for the Development of the Northeast (Sudene).

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 an extraordinary session held on July 26, 2022, based on the provisions of arts. 3, item IV, and 4, item VI, of the aforementioned Law, art. 15, item VI and § 1, of Law No. 7,827, of September 27, 1989, and art. 8-A, § 4, of Law No. 10,177, of January 12, 2001,

RESOLVES:

Art. 1. Resolution CMN No. 4,987, of March 8, 2022, shall enter into force with the following alterations:

“Art. 1. An emergency rural credit line is established with resources from the Northeast Constitutional Financing Fund (FNE) intended for family farmers and rural producers who suffered losses in agricultural and livestock income due to flooding, flash floods, inundation, or local storms – intense rains occurring in the period from November 1, 2021, to July 31, 2022, in municipalities within the area of operation of the Superintendency for the Development of the Northeast (Sudene), with a situation of emergency or state of public calamity decreed and recognized by the Federal Executive Power, observing the provisions applicable to operations of this Fund that do not conflict with the provisions of this article:

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VIII - deadline for contracting: until November 30, 2022.

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“Art. 2. The renegotiation of working capital rural credit operations and installments of rural investment, in a compliant status as of November 30, 2021, due and payable in the period from December 1, 2021, to December 30, 2022, contracted with FNE resources, whose financed enterprises suffered losses due to flooding, flash floods, inundation, or local storms – intense rains in the period from November 1, 2021, to July 31, 2022, in municipalities within the area of operation of Sudene, with a situation of emergency or state of public calamity decreed and recognized by the Federal Executive Power, is authorized, maintaining the contractual conditions and observing the following specific conditions:

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Art. 2. Resolution CMN No. 4,988, of March 8, 2022, shall enter into force with the following alterations:

“Art. 1. This Resolution establishes emergency credit lines with resources from the Northeast Constitutional Financing Fund (FNE) and establishes conditions for the extension of non-rural credit operations owned by entrepreneurs whose activities were affected by excessive rains in the period from November 1, 2021, to July 31, 2022, in municipalities included in the area of operation of the Superintendency for the Development of the Northeast (Sudene) that have decreed a situation of emergency or state of public calamity recognized by an act of the Federal Executive Power.” (NR)

“Art. 2. An emergency credit line is established with FNE resources to promote the recovery or preservation of entrepreneurial activities affected by excessive rains in the period from November 1, 2021, to July 31, 2022, in municipalities included in the area of operation of Sudene that have decreed a situation of emergency or state of public calamity recognized by an act of the Federal Executive Power.

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§ 5. The emergency credit line referred to in the caput covers credit operations carried out until November 30, 2022.” (NR)

“Art. 3. An emergency credit line is established with FNE resources to serve urban micro-entrepreneurs, beneficiaries of the National Program of Productive Microcredit Oriented (PNMPO), established by Law No. 13,636, of March 20, 2018, whose activities were affected by excessive rains in the period from November 1, 2021, to July 31, 2022, in municipalities included in the area of operation of Sudene that have decreed a situation of emergency or state of public calamity recognized by an act of the Federal Executive Power.

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§ 5. The emergency credit line referred to in the caput covers credit operations carried out until November 30, 2022.” (NR)

“Art. 5. Banco do Nordeste do Brasil S.A., in its capacity as administrator of the FNE, is authorized to extend non-rural credit operations carried out with resources from this fund to enterprises affected by excessive rains in the period from November 1, 2021, to July 31, 2022, in municipalities included in the area of operation of Sudene that have decreed a situation of emergency or state of public calamity recognized by an act of the Federal Executive Power.

§ 1. The extension referred to in the caput applies to non-rural credit operations in a compliant status as of November 30, 2021, and with installments due or payable in the period from December 1, 2021, to November 30, 2022.

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Art. 3. This Resolution enters into force on the date of its publication.

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