CMN Resolution No. 5,198 — Adjusts Indemnification Limits for Proagro-Eligible Projects and Updates Executive Branch References in the Rural Credit Manual

CMN Resolution No. 5,198 amends the Rural Credit Manual (MCR) Chapter 12 to adjust indemnification coverage limits for agricultural projects enrolled in the Proagro program based on loss probability and enrollment dates. Projects enrolled between July 1, 2024, and January 1, 2025, with 20% loss probability receive up to 100% coverage, while those enrolled from January 2, 2025, receive up to 85%. Additional reductions of 20 or 30 percentage points apply to projects enrolled from January 2, 2025, with equilibrium rates of 40% or higher. The resolution also updates references to the Ministry of Agrarian Development and Family Agriculture and mandates that loss verification be conducted by entities registered in the National Registry of Loss Verification Officers (CNEC).

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Resolution No. 4,631

The current text of the MCR can be found at the following electronic address: www3.bcb.gov.br/mcr.

CMN RESOLUTION NO. 5,198, OF DECEMBER 19, 2024

Adjusts the indemnification limits applicable to projects enrolled in the Agricultural Activity Guarantee Program – Proagro and updates references to Executive Branch bodies mentioned in Chapter 12 (Agricultural Activity Guarantee Program – Proagro) of the Rural Credit Manual.

The Central Bank of Brazil, in accordance with Art. 9 of Law No. 4,595, of December 31, 1964, makes it known that the National Monetary Council, in a session held on December 19, 2024, based on Arts. 59, 65-A, and 66-A of Law No. 8,171, of January 17, 1991, and Art. 4 of Decree No. 175, of July 10, 1991,

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Lineage: Amended

amendssupersedesissued underrefers toproposed or not in RegAlertarrows run from the older text to the one that changes it

Timeline

Amended 1 time · last 2025-06-06

2025-06-06BCBCMN Resolution No. 5224 — Adjusts rules for Proagro enrollment, indemnity limits, additional rates, and loss verification remunerationamends

Source: Banco Central do Brasil — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works