Business · Companies · 1 hr ago
Brazil’s lower house approves up to R$13.5bn in export credit
Brazil’s lower house approved a new export-credit measure on Tuesday, opening the way for up to R$13.5 billion in financing through the Treasury.
It is aimed mainly at Brazilian exporters and their suppliers, including businesses affected by higher US tariffs and by costs or shipping problems linked to the Middle East war.
The measure revives part of the Brasil Soberano package, which was designed to help companies hit by US tariffs, and extends support to more affected sectors.
Businesses could use the loans for working capital, equipment and production; the government will not lend directly, as the BNDES and approved financial institutions will handle the loans and take on the risk.
The terms, including interest rates and repayment periods, have not yet been set, and the measure also aims to make export credit more accessible to smaller companies.
The package could raise available credit more than tenfold from the roughly R$100 million currently mobilised for this type of financing, according to the government.
The measure now goes to the Senate and expires next week, so it must be considered before then to remain in force.
Brazil’s lower house approved a provisional measure that can expand export-credit lines by up to R$13.5 billion.
The financing is intended for exporters affected by US tariffs and for sectors facing costs or logistical problems linked to conflicts.
The measure allows the credit to be combined with other resources from the BNDES.
The proposal now goes to the Senate and is due to expire next week.
The measure also aims to improve access to export financing for micro, small and medium-sized companies.
- Who
- Brazil’s Chamber of Deputies approved the measure.
- What
- It authorizes up to R$13.5 billion in additional export-credit lines. The funding may be combined with other BNDES resources.
- When
- Tuesday, November 10, 2026.
- Where
- Brazil.
- Why
- To support exporters affected by US tariffs and sectors affected by conflict-related costs and logistical problems.
This story does not have two clearly opposing sides.
The government presented the measure, with the Treasury contribution described as R$13.5 billion.
Brazilian ministers met US Trade Representative Jamieson Greer and US officials said they would send a draft proposal for a possible agreement within four weeks.
The measure was approved by a joint committee.
The Chamber of Deputies approved the measure and sent it to the Senate.
The measure is due to expire.
- Maximum credit-line expansion
- R$13.5 billion
- Treasury funding described at presentation
- R$13.5 billion
- Additional BNDES resources in the original plan
- R$5 billion
- US tariffs on some Brazilian imports
- Up to 37.5%
- Senate deadline
- The measure expires next week
4 sources
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