CMN Resolution No. 5,106 — Amending the Annual Global Limit for Credit Operations with Public Sector Entities in 2023

Resolution No. 5,106

CMN RESOLUTION NO. 5,106, OF OCTOBER 26, 2023

Amends the annual global limit for contracting credit operations with public sector entities in 2023, 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 October 26, 2023, considering the provisions of Article 4, items VI and VIII, of the aforementioned law,

R E S O
L V E U :

Art. 1º 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.

Art. 2º This Resolution enters into force on November 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 federal, state, Federal District, and municipal entities Up to R$11,000,000,000.00	Up to R$20,400,000,000.00
For federal entities Up to R$400,000,000.00
2021	Up to R$6,500,000,000.00	For federal, state, Federal District, and municipal entities, excluding state-owned enterprises 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 enterprises referred to in Article 10 (article revoked on January 1, 2023) Up to R$3,000,000,000.00
For federal entities Up to R$500,000,000.00
2022	Up to R$6,500,000,000.00	For federal, state, Federal District, and municipal entities, excluding state-owned enterprises 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 enterprises referred to in Article 10 (article revoked on January 1, 2023) Up to R$1,000,000,000.00
For federal entities Up to R$625,000,000.00
2023	Up to R$15,000,000,000.00	For federal, state, Federal District, and municipal entities Up to R$18,000,000,000.00	Up to R$37,125,000,000.00
For federal 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 federal, state, Federal District, and municipal entities Up to R$9,000,000,000.00	Up to R$42,425,000,000.00
For federal 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 federal, state, Federal District, and municipal entities Up to R$9,000,000,000.00	Up to R$15,625,000,000.00
For federal entities Up to R$625,000,000.00