IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

Yes

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 01 Jul 2017 | Removal date: 30 Jun 2018
Still in force

State loan

On June 7, 2017, the government of Brazil launched the 2017/2018 Agricultural and Livestock Plan of Brazil. Included in the program was an increase in the budget allocated to the PRONAMP credit lines. The new budget was set at USD 6.6 billion (BRL 21.7 billion) representing a 12% increase when compared to the budget provided in the 2016/2017 Agricultural and Livestock Plan. In addition, the interest rate has been decreased from 8.5% to 7.5%. 

The credit lines offered through PRONAMP are divided into two categories: credits to finance costs and credits to finance investments. In this sense, USD 5.5 billion (BRL 18 billion) was allocated to costs and USD 1.13 (BRL 3.7 billion) was allocated to investments.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

011 Cereals
012 Vegetables
013 Fruits & nuts
014 Oilseeds & oleaginous fruits
015 Edible roots & tubers with high starch or inulin content
016 Stimulant, spice & aromatic crops
018 Sugar crops
019 Forage; natural rubber; living plants; raw vegetable materials
021 Live animals
022 Raw milk
023 Eggs of hens or other birds in shell, fresh
042 Fish live, fresh or chilled for human consumption
043 Crustaceans, live, fresh or chilled
044 Molluscs live, fresh or chilled
045 Other aquatic invertebrates, live, fresh or chilled

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