Government raises $1.10 bn, the global limit for public sector credit operations

The National Monetary Council (CMN) approved a resolution to raise by R$6 billion ($1.1 bn) the global limit of credit operations that can be contracted by public sector entities in 2020. In a note, the Ministry of Economy informed that the limit for credit operations with Union guarantee was increased to R$7.5 billion ($1.3 bn). For the operations without federal guarantee, there was an increase to R$10.5 billion ($1.8 bn).

Source: Reuters