Reducing the demands on companies to access the credit market in public and private institutions is an important measure to help the productive sector to go through the period of uncertainty in the middle of the second wave of the Covid-19 pandemic. The National Confederation of Industry (CNI) recalls that this type of emergency initiative proved to be essential to avoid bankruptcy of companies and the consequent increase in employment during the most acute period of the economic crisis, in 2020.

According to the president of CNI, Robson Braga de Andrade, the edition of Provisional Measure no. 1,028 is positive in temporarily reducing, for a period of six months, the documents necessary for companies to have access to credit and, thus, be able to honor financial commitments while there is no more consistent recovery in the economy.

"The industry has sought to raise public awareness of the importance of extending emergency measures while our economy is experiencing this period of transition, in which companies have not yet resumed their activities at full capacity," he says.

Robson Andrade recalls that the MP 958 edition, in April 2020, played an important role in unlocking companies' access to the credit market in a period of abrupt drop in revenues. With access to credit facilitated, mainly by waiving the requirement for a Negative Debt Certificate, the emergency measure managed to achieve its objective.

O presidente da CNI reforça, ainda, que é preciso intensificar as ações para o aumento da competitividade do Brasil, em particular da indústria brasileira, que já se mostrava debilitada antes da crise atual. Nesta agenda, a prioritária é avançar sobre o Custo Brasil, sobretudo aprovando uma reforma tributária abrangente, com simplificação do sistema de impostos e redução da burocracia.

“It is necessary to both increase the country's competitiveness and regain confidence in the Brazilian economy, attract foreign investment back and stimulate domestic investment,” adds Robson Andrade.