CMN Resolution No. 5,073 — Defines Annual Global Limit for Credit Operations with Public Sector Entities for 2022, 2023, and 2024

RESOLUTION
CMN NO. 5,073, OF MAY 18, 2023

Defines the annual global limit for contracting credit operations with public sector entities in 2022, 2023, and 2024, to be observed by financial institutions and other institutions authorized to operate by the Central Bank of Brazil.

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 May 18, 2023, considering the provisions of Article 4, items VI and VIII, of the aforementioned Law,

RESOLVES:

Article 1. The Annex to CMN Resolution No. 4,995 of March 24, 2022, shall be in effect with the alterations contained in the annex to this Resolution.

Article 2. This Resolution enters into force on June 1, 2023.

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

ANNEX

(Annex to CMN Resolution No. 4,995 of March 24, 2022)

Annual limit for contracting credit operations for public sector entities 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$9,000,000,000.00	For entities of the States, Federal District, and Municipalities Up to R$11,000,000,000.00	Up to R$20,400,000,000.00
For Union entities Up to R$400,000,000.00
2021	Up to R$6,500,000,000.00	For entities of the States, Federal District, and Municipalities, excluding state-owned companies referred to in Article 10 (article revoked on January 1, 2023) Up to R$10,500,000,000.00	Up to R$20,500,000,000.00
For state-owned companies referred to in Article 10 (article revoked on January 1, 2023) Up to R$3,000,000,000.00
For Union entities Up to R$500,000,000.00
2022	Up to R$6,500,000,000.00	For entities of the States, Federal District, and Municipalities, excluding state-owned companies referred to in Article 10 (article revoked on January 1, 2023) Up to R$10,500,000,000.00	Up to R$18,625,000,000.00
For state-owned companies referred to in Article 10 (article revoked on January 1, 2023) Up to R$1,000,000,000.00
For Union entities Up to R$625,000,000.00
2023	Up to R$6,000,000,000.00	For entities of the States, Federal District, and Municipalities Up to R$10,000,000,000.00	Up to R$20,125,000,000.00
For Union entities Up to R$625,000,000.00
For Empresa Brasileira de Participações em Energia Nuclear e Binacional S.A. – ENBPar, exclusively for the implementation of the Angra 3 Nuclear Power Plant Up to R$2,300,000,000.00	For Eletrobras Termonuclear S.A. – Eletronuclear, exclusively for the implementation of the Angra 3 Nuclear Power Plant Up to R$1,200,000,000.00
2024	Up to R$6,000,000,000.00	For entities of the States, Federal District, and Municipalities Up to R$9,000,000,000.00	Up to R$42,425,000,000.00
For Union entities Up to R$625,000,000.00
For Empresa Brasileira de Participações em Energia Nuclear e Binacional S.A. – ENBPar, exclusively for the implementation of the Angra 3 Nuclear Power Plant Up to R$17,200,000,000.00	For Eletrobras Termonuclear S.A. – Eletronuclear, exclusively for the implementation of the Angra 3 Nuclear Power Plant Up to R$9,600,000,000.00
2025	Up to R$6,000,000,000.00	For entities of the States, Federal District, and Municipalities Up to R$9,000,000,000.00	Up to R$15,625,000,000.00
For Union entities Up to R$625,000,000.00