Brazil’s monetary council approved changes that relax deadlines, reduce requirements, and expand the scope of the Financing Exports Program.
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The Brazilian government has allowed companies to receive interest rate equalization for export credit before shipping goods, rather than only after dispatch or invoicing.
The Brazilian government has increased the revenue limit for companies eligible for the Export Financing Program (PROEX) to BRL 1.3 billion (about USD 256.27 million). The new regulation will enter into force in May.
