Brazil launches Plano Brasil Soberano with R$30 billion

The Brazilian government published Provisional Measure No. 1,310 establishing the Plano Brasil Soberano and opening an extraordinary credit line of R$ 30 billion to support exporters affected by unilateral U.S. tariff increases. The measure formalizes access criteria, credit and guarantee resources, and temporary tax and procedural relief measures.

• Main action: The Provisional Measure allocates R$ 30 billion from the Export Guarantee Fund (FGE) for affordable credit lines, establishes priority access criteria (minimum 5% of revenue from affected exports between July 2024–June 2025, with preferential terms for firms ≥20%), and conditions access on regular tax status with the Federal Revenue (RFB) and PGFN. It also extends drawback export deadlines by one year for affected contracts and authorizes deferment of tax payments for the two next months for most-affected firms.
• Additional, verifiable details: The plan includes extra allocations: R$ 1.5 billion to the FGCE, R$ 2 billion to the FGI (BNDES), and R$ 1 billion to the FGO (Banco do Brasil); the Reintegra benefit changes run until December 2026 with an impact up to R$ 5 billion; only companies with annual gross revenue ≤R$ 300 million qualify for PEAC-FGI Solidário guarantees; Brazil exported US$ 40 billion to the United States in 2024, of which US$ 10.5 billion used the drawback regime.