The federal government has extended for three months the term of credit operations under the National Support Program for Microenterprises and Small Businesses (Pronampe). The extension is formalised in an ordinance and received an additional contribution of R$ 12 billion in the Operations Guarantee Fund (FGO) for the granting of guarantees under Pronampe.
The approval of the new sanitation framework should strengthen the entry of private investments in the sector. The government is studying concessions and Public-Private Partnerships (PPPs) projects that amount to R$ 62 billion ($11.2 bn). Of that amount, R$ 55 billion ($10 bn) are in BNDES and another R$ 7 billion ($1.3 bn) with Caixa. The largest of the projects being structured at BNDES, of R$ 33.5 billion ($6 bn) is in Rio de Janeiro.
The agency Fitch Ratings downgraded Gol’s long-term foreign and local currency rating from B- to CCC-, and also downgraded Gol’s long-term nationwide rating from BB(bra) to CCC(bra). The decision reflects the effects of the drop in demand for travel in Brazil, high uncertainty regarding the recovery of the sector and limited financial flexibility of the company.
Farmers who produce in accordance with Brazilian environmental law and in a sustainable way in the Amazon region should have incentives, including lower or “almost zero” bank interest rates, argued Agriculture Minister Tereza Cristina. In the Amazon, the rural producer can use 20% of the area, something that according to the minister should receive incentives if done in a sustainable way.
Vice President Hamilton Mourão, coordinator of the Amazon Council, said there are no illegal exports of products leaving the Amazon, in a statement at the World Forum Amazon +21. He also cited that the country has more than 60% of its coverage preserved, a rate that rises to more than 80% in the Amazon region, he said.
For the first time, oil and natural gas production in the pre-salt exceeded 70% of national production, reaching about 2.738 million barrels of oil equivalent per day in July. According to Pre-Sal Petróleo S.A. (PPSA), a company linked to the Ministry of Mines and Energy, production corresponds to 70.26% of the total recorded in the country, of 3.898 million barrels per day.
The Ministry of Agriculture project, will bring remote technical assistance to family farmers in the Northeast through the internet at this time of pandemic. The Northeast was chosen because the region concentrates 46.6% of the country’s family farmers. The goal is to reach 100,000 families in the region. The initiative is a partnership between the government and the Inter-American Institute for Cooperation on Agriculture (IICA), and the NGO Precision Agriculture for Development (PAD).
The National Electrical Energy Agency (Aneel) granted to Rio Alto Energia the 35-year concession for the implementation and operation of five photovoltaic plants under the independent production regime, totalling 135 MW of installed capacity in the municipality of Coremas. The solar complex is composed of ten plants with capacity to generate 300 MWp, generating 93 MWp in an area of 300 hectares.
The Ministry of Economy published a note in which it highlights that the Gross Domestic Product (GDP) for the second quarter is expected contraction around 8% to 10%. The latest projection released by the Ministry in July pointed to a 9.3% drop in GDP in the second quarter. For the year, the Secretariat Ministry expects a 4.5% drop in economic activity.
The National Energy Policy Council approved a resolution to reduce the annual compulsory goals for the reduction of greenhouse emissions for the commercialisation of fuels under the RenovaBio program. The Ministry of Mines and Energy did not report the amount, but in the proposal presented on July, provided for the emission of 14 million decarbonisat