ANNOUNCEMENT 25 Apr 2019
The Brazilian Government increased the budget for Funcafé credit lines.
NUMBER OF INTERVENTIONS
Ministry of Agriculture, Livestock and Farming. Ministério da Agricultura, Pecuária e Abastecimento. Notícias "CMN aprova distribuição de recursos do Funcafé para 2019" de 25 de abril de 2019. Available at: http://www.agricultura.gov.br/noticias/cmn-aprova-distribuicao-de-recursos-do-funcafe-para-2019
On 25 April 2019, the National Monetary Council (CMN by its acronym in Portuguese) approved BRL 5.071 billion (over USD 1.279 billion at the time of the announcement) for credit lines enclosed in the Fund for the Defense of the Coffee Economy ("Funcafé") for 2019. The new budget represents an increase when compared to 2018 when the total budget was BRL 4.96 billion (over USD 1.25 billion at the time of the 2019's announcement).
The credit lines were distributed as it follows:
These amounts apply for the 2019 harvest.