Resolution CMN No. 5014 — Raises the working capital credit limit for production cooperatives and defines resources for financing under the Coffee Economy Defense Fund (Funcafé)

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

RESOLUTION CMN NO. 5,014, OF APRIL 28, 2022

Raises the working capital credit limit for production cooperatives and defines the resources for financing under the Coffee Economy Defense Fund (Funcafé).

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 April 28, 2022, 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 S:

Art. 1 The value per agricultural year regarding item 2 – Production Cooperatives of Working Capital Credit (MCR 9-2) of Table 2 (Credit Limits for Financing with Resources from the Coffee Economy Defense Fund (Funcafé), of Section 5 (Coffee Economy Defense Fund - Funcafé) of Chapter 7 (Financial Charges and Credit Limits) of the Manual of Rural Credit (MCR) shall enter into force with the following alteration, with the other purposes, items, and conditions contained in said Table 2 remaining unchanged:

Table 2: Credit Limits for Financing with Resources from the Coffee Economy Defense Fund (Funcafé), from 7/1/2020
Purpose / Beneficiary	Value per agricultural year	Additional Conditions
Working Capital Credit (MCR 9-2)
1 - Coffee Grower	R$3,000,000.00	a) The limit considers all values taken for working capital with Controlled Resources (MCR 6-1) in the entire National Rural Credit System (SNCR). b) subject to the individual limit of R$500,000.00 per active associate of the production cooperative.
2 - Production Cooperative	R$50,000,000.00

Art. 2 Section 8 (Resource Allocation) of Chapter 9 (Funcafé) of the MCR shall enter into force with the following alteration:

“1 - The amount of R$6,058,500,000.00 (six billion, fifty-eight million and five hundred thousand reais) is approved for financing under the Coffee Economy Defense Fund (Funcafé), in the 2022 fiscal year.

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(NR)

Art. 3 This Resolution enters into force on May 2, 2022.

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