Caixa has reached the approved limit for the support programme for micro and small companies, Pronampe. In contracts signed and proposals in the final phase of analysis are already R$ 5.9 billion ($ 1.1 bn), the limit authorised by the Operations Guarantee Fund (FGO). With other credit lines from the bank, the total available for the segment is R$ 7.7 billion ($ 1.5 bn).
In the 2019/2020 harvest, rural credit in Brazil grew 30%, reaching R$ 225 billion ($ 43 bn), according to the Ministry of Agriculture. The resources are from the 2019/20 harvest plan, Agribusiness Credit Bills (LCAs), acquisitions of Rural Product Notes (CPRs) and operations with agribusiness.
Source: Portal do Agronegocio
After four months of pandemic, companies are beginning to collapse to cash flow shortages and the financial inability to pay all their debts. Last month, the number of judicial recovery requests grew 44.6% and the number of bankruptcies decreed, 71.3% compared to the same period in 2019, according to a survey by Boa Vista SCPC.
Source: UOL Economia
After two months of sharply declining, economic activity in Brazil recorded growth in May. The IBC-Br rose 1.31% in May, compared to April this year, according to data released by the Central Bank (BC). Under the effects of the covid-19 pandemic, the IBC-Br fell 9.45% in April and 6.14% in March, compared to the previous month.
Source: Agencia Brasil
As a result of the economic effects of the new coronavirus pandemic, Brazilian exports to the United States are expected to fall between 20% and 25% by 2020, predicts Amcham, the U.S. chamber of commerce in Brazil. Imports from the U.S., on the other hand, are expected to fall by 16% to 18%.
Source: Agencia Estado