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The president of the National Bank for Economic and Social Development (BNDES), Aloizio Mercadante, said on Thursday (28) that he studies the possibility of temporarily suspending the payment of debts of some companies affected by the US surcharge.
The measure, known by the term stand-stillprioritize companies that work with perishable products. The strategy has already been applied to help companies affected by the 2024 floods in Rio Grande do Sul.
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“We will have to study along with the farm, with the banks. But in some regional complexes, especially perishable products, while public purchases are not implemented, we may have to take this measure. It has come from our conversation agenda and I will take to the government to try to draw a strategy,” Mercadante said.
The president of BNDES received mayors of 15 cities of the country at the Banco headquarters in Rio de Janeiro, to detail measures of the Brazil Sovereign Plan. The program was created by the federal government to help exporters and workers affected by US surcharges.
In addition to Eduardo Paes, mayor of Rio de Janeiro, mayors Anderson Farias (São José dos Campos/SP), Margarida Salomão (Juiz de Fora/MG), Andrei Gonçalves (Juazeiro/BA), Dario Saadi (Campinas/SP), Simão Durando (Petrolina/PE), Luiz Caetano (Camaçari/BA) (Piracicaba/SP), Rodrigo Neves (Niterói/RJ), Hingo Hammes (Petrópolis/RJ) and Wagner Rodrigues (Araguaína/TO). The municipality of Cachoeiro de Itapemirim/ES was represented by Deputy Mayor Junior Corrêa.
“The team will go through the most affected municipalities and make a public hearing with entrepreneurs to detail the lines of credit. This so that the process can flow as quickly as possible, because time is fundamental in the economy. The more we delay, the greater the loss. If we anticipate, and everyone can keep their activities, the economy continues to grow,” Mercadante said.
The president of BNDES, Aluízio Mercadante, receives the mayor of Rio, Eduardo Paes, president of the National Front of Mayors and Mayors (FPN) Fernando Frazão/Agência Brasil
Credit lines
. Those that have lost more than 5% of total gross revenues will have priority to access credit lines.
R $ 40 billion will be available in four lines of credit. Of this total, R $ 30 billion will be from the Export Guarantee Fund (FGE) and R $ 10 billion of funds from the bank itself.
The lines are divided into working capital (operational spending financing); Diversification Giro (search for new markets); Capital goods (acquisition of machinery and equipment); and investment (technological innovation, adaptation of productive activity, products, services and processes, and densifying the production chain).
Affected municipalities
Mayor Simão Durando (União Brasil) of Petrolina, Pernambuco, went to meet in BNDES and said represent the municipalities of the entire São Francisco Valley, region with large volume of tropical fruits, especially mango and grape.
According to lasting, the tariff promoted by President Donald Trump left everyone in “hands tied.” He explained that There is a limit window between August and October to export 2,500 mango containers and 700 grape containers to the United States.
“We came with BNDES to request deadlines, as well as access to credit for small, medium and large exporters of the São Francisco Valley,” said the mayor of Petrolina.
“One third of the population of Petrolina lives directly from irrigated fruit. In the Valley of San Francisco, more than 1 million people depend on the irrigated fruit of mango and grape exports to the United States, North America and Europe. We leave here satisfied, with the financial proposals that will be implemented,” he added.
The mayor of Petrolina (PE), Simão lasting, speaks to the press at the headquarters of BNDES Fernando Frazão/Agência Brasil
Mayor Alexandre Augusto Ferreira (MDB), from Franca, in the interior of São Paulo, highlighted the impact of US tariffs in municipalities such as Piracicaba, Campinas and São José dos Campos. These are places that work with manufactured products and durable consumer goods industries.
In the case of Franca, the overcutments mainly affect the footwear sector, which employs between 12,000 and 14,000 people directly. Some companies even sell 100% of production to the US.
“Today, we have around 1 million pairs of shoes that will be shit on boarding. We have some specificities-the model and shape of the shoes sold for Americans are different from the rest of the world and different from the Brazilian domestic market. [São] Contracts that were made last year, with delivery forecast now. We will not be able to put the products in another market, ”said Ferreira.
The mayor of Franca (SP), Alexandre Augusto Ferreira, participates in meeting with the president of BNDES, Aluízio Mercadante Fernando Frazão/Agência Brasil
Tariff
They are among the highest in force in the trade war promoted by President Donald Trump against commercial allies.
The surcharge is part of a series of measures put into practice by the US government against Brazil and Brazilian authorities, such as a commercial investigation into Pix and financial sanctions against the Supreme Court Minister Alexandre de Moraes.
The magistrate is a rapporteur of, in which former President Jair Bolsonaro and allies are accused of conspiring to reverse the result of the 2022 elections and trying a coup d’état, which culminated in the attacks of the three powers on January 8, 2023.
For Trump, Moraes pursues the former president and violates freedom of expression by demanding that social networks from American companies comply with the laws and decisions of Brazilian justice. In the United States since March, federal deputy Eduardo Bolsonaro was indicted for coercion crimes in the course of the process and attempted abolition of the Democratic Rule of Law for acting in favor of Brazil. Jair Bolsonaro was also indicted for the same crimes.
