{"id":327654,"date":"2023-04-05T18:41:17","date_gmt":"2023-04-05T21:41:17","guid":{"rendered":"https:\/\/anba.com.br\/empresas-de-maior-faturamento-poderao-acessar-proex\/"},"modified":"2023-04-06T17:20:30","modified_gmt":"2023-04-06T20:20:30","slug":"bigger-companies-could-access-export-financing-in-brazil","status":"publish","type":"post","link":"https:\/\/anba.com.br\/en\/bigger-companies-could-access-export-financing-in-brazil\/","title":{"rendered":"Bigger companies could access export financing in Brazil"},"content":{"rendered":"<p>S\u00e3o Paulo \u2013 The Brazilian federal government has increased the revenue limit for companies to access the Export Financing Program (<strong>PROEX<\/strong>). Instead of the previous <strong>BRL 600 million<\/strong> (about USD 118.28 million at the current rate), as of May, companies with up to <strong>BRL 1.3 billion<\/strong> (about USD 256.27 million) in revenue will be eligible for the program.<\/p>\n<p>According to information disclosed by the Brazilian Ministry of Development, Industry, Commerce &amp; Services, the goal is to allow more companies to be eligible and <strong>increase the competitiveness<\/strong> of Brazil\u2019s foreign sales. The government devised the program to foster Brazilian exports and provide credit to enable sales.<\/p>\n<p>The decision to expand the limit was taken by the Executive Management Committee (GECEX) of the Brazilian Foreign Trade Chamber (CAMEX). \u201cThe decision could increase the number of companies able to export through the program, boost the competitiveness and growth of our economy, and create more jobs,\u201d said Brazil\u2019s vice president and minister of Development, Industry, Commerce, &amp; Services, <strong>Geraldo Alckmin<\/strong> <em>(pictured above).<\/em><\/p>\n<p><strong>Translated by El\u00fasio Brasileiro<\/strong><\/p>\n<div class=\"credits-overlay\" data-target=\".wp-image-327643\">\u00a9Mateus Bonomi\/Anadolu Agency\/AFP<\/div>\n","protected":false},"excerpt":{"rendered":"<p>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.<\/p>\n","protected":false},"author":2316,"featured_media":327643,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[91],"tags":[30221,40586,40580,40581,40582,40561,40585,40587,40583,40584],"class_list":{"0":"post-327654","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-export-financing","9":"tag-export-financing-program","10":"tag-financiamento-a-exportacao-en","11":"tag-proex-en","12":"tag-proex-financiamento-en","13":"tag-proex-financiamento","14":"tag-proex-financing","15":"tag-proex-limit","16":"tag-programa-de-financiamento-as-exportacoes-en","17":"tag-teto-proex-en"},"wps_subtitle":"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.","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/327654","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/users\/2316"}],"replies":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/comments?post=327654"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/327654\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media\/327643"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=327654"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=327654"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=327654"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}