A provisional measure (MP) published today (25) in the Federal Official Gazette, it intends to use resources from guarantor funds (funds that serve to cover possible defaults) to leverage (serve as a base) up to R$ 23 billion in financing for companies. Call of Credit MP, MP 1,114/2022 is part of the Brazil Entrepreneur Credit Program. 
Without resulting in additional expenses for the National Treasury, the MP amends the rules of the Fundo Garantidor de Habitação Popular (FGHab), the Fund Guaranteeing Credit Risk for Micro, Small and Medium-Sized Companies and the Fund Guaranteeing the Emergency Program for Access to Credit ( peac).
The rules facilitate the use of these funds to cover the default of companies that obtain credit, which speeds up the release of credit by banks.
Of the BRL 23 billion that will be used to leverage the credit, BRL 21 billion comes from the Emergency Program for Access to Credit Guarantee Fund for Investments (Peac-FGI).
The remaining R$2 billion comes from FGHab. The MP also allows credit operations contracted through the Casa Verde e Amarela Program to be covered by the Fundo Garantidor de Habitação Popular.
“These are resources that were stopped in the banks. The Treasury does not to haveto disbursement. With these measures, credit was expanded and reached a wider range of entrepreneurs. We are democratizing access for MSEs [micro e pequenas empresas] to credit under conditions previously available only to larger companies”, highlighted, in a note, the special secretary for Productivity and Competitiveness, Daniella Marques.
The Ministry of Economy also reported that it waived the requirement for negative debt certificates for companies to have access to credit operations.
“Today, the main difficulty for entrepreneurs to have access to credit is the lack of guarantees. The federal government will finance these guarantees as a way to unlock the liquidity of banks so that more entrepreneurs have access to credit”, added the statement from the ministry. Pronampe
pronampe
the program launched todayin Brasília, also reissued the National Support Program for Micro and Small Businesses (Pronampe), which provided credit to small businesses in 2020 and 2021. Earlier this month, Congress had approved the extension of Pronampe until December of 2024.
According to the Ministry of Economy, Pronampe can handle up to R$ 50 billion in credit this year by being associated with the Brazil Empreendedor Credit Program. Most of that total will come from banks, the Ministry of Economy said.
other measures
was also released today, in Brasília, the Credit Stimulus Program (PEC), aimed at individuals or companies with gross revenue of up to R$ 300 million per year. The Ministry of Economy estimates that, by the end of the year, this program will release R$ 14 billion in credit for companies, mainly medium-sized ones.
The package also includes the reduction to zero of the Tax on Financial Operations (IOF) rate until the end of 2023 for PEAC, Pronampe and PEC operations. The cut is official since the end of seaFirst, when President Jair Bolsonaro published a decree with the measure.
The Emergency Credit Access Program – Investment Guarantee Fund (Peac-FGI) to havemaximum interest of 2.8% per month. However, according to the Ministry of Economy, the weighted average rates will need to be between 1.5% and 1.75% per month, depending on the modality, the company profile and the term of the credit operation.
