ANNOUNCEMENT 07 Jan 2013

The Brazilian Central Bank announced changes to the credit lines enclosed in the Fund for the Defense of the Coffee Economy ("Funcafé").

NUMBER OF INTERVENTIONS

2

  • 1 harmful
  • 0 neutral
  • 1 liberalising

SOURCE

Brazilian Central Bank. Banco Central do Brasil. Resoluçao 4,180 de / de Janeiro de 2013. Available at: http://www.bcb.gov.br/pre/normativos/busca/downloadNormativo.asp?arquivo=/Lists/Normativos/Attachments/49036/Res_4180_v1_O.pdf

Inception date: 07 Jan 2013 | Removal date: 31 Jul 2013

State loan

On 7 January 2013, the Brazilian Central Bank issued Resolution 4180 changed the resources allocated to funding enclosed on the Coffee Economy Defense Fund. The new budget was increased from BRL 550 million (USD 271 million) to BRL 730 million (USD 360 million).

These resources were available until 31 July 2013.

AFFECTED SECTORS

 
Inception date: 07 Jan 2013 | Removal date: 28 Feb 2013

State loan

Resolution 4180 issued by the Brazilian Central Bank on 7 January 2013 also decreased from BRL 50 million (circa USD 25 million) to BRL 10 million (USD 5 million) the resources allocated to financing options contracts and operations.

These resources were available until 28 February 2013.