CMN Expands R$30 Billion Tariff-Relief Credit, Adds Suppliers, Cuts Eligibility to 1%

Overview

• The National Monetary Council approved the amendment in an extraordinary session on Nov. 13, with immediate effect upon publication.
• Exporters now qualify if at least 1% of their revenue is tied to sales affected by the additional U.S. tariffs, down from the previous 5% threshold.
• Suppliers become eligible if at least 1% of their July 2024–June 2025 revenue comes from providing to exporters whose affected share reaches 5% or more.
• Remuneration to the Export Guarantee Fund was recalibrated to 1%–6% per year, varying by company size and the purpose of the financing.
• BNDES and authorized banks will implement the revised lines under the credit package created in August to preserve liquidity, sustain production and protect jobs.