ANNOUNCEMENT 27 Sep 2012

The Brazilian Central Bank announced an increase in the resources allocated to storage enclosed in the  Fund for the Defense of the Coffee Economy ("Funcafé").

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

Brazilian Central Bank. Banco Central do Brasil. Resoluçao 4,139 de 27 de Setembro de 2012. Available at: http://www.bcb.gov.br/pre/normativos/busca/downloadNormativo.asp?arquivo=/Lists/Normativos/Attachments/49102/Res_4139_v1_O.pdf

Inception date: 27 Sep 2012 | Removal date: 18 Jun 2013

State loan

On 27 September 2012, the Brazilian Central Bank issued Resolution 4139 announcing the increase of resources allocated to storage from the Coffee Economy Defense Fund ("Funcafé"). The new budget raised from BRL 900 million (circa USD 443) to BRL 1,500 million (USD 738 million).

With this intervention, the total budget allocated to "Funcafé" reached BRL 2,715 million (USD 1,336 million), surpassing the resources allocated in 2011 which reached BRL 2,440 million (USD 1,201 million).

AFFECTED SECTORS