Provisional Measure (MP) No. 975, published today in the Federal Official Gazette, institutes the Emergency Credit Access Program. The objective, says the MP, is to facilitate access to credit by providing guarantees and preserving small and medium-sized companies in the face of the economic impacts resulting from the coronavirus pandemic (covid-19).

The Emergency Access to Credit Program is aimed at companies that in 2019 received gross revenue greater than R $ 360 thousand and less than or equal to R $ 300 million.

The MP authorizes the Federal Government to increase its participation in the Guarantee Fund for Investments (FGI), managed by the National Bank for Economic and Social Development (BNDES), by up to R $ 20 billion, exclusively to cover operations contracted under the Emergency Program. Access to Credit.

The increase in participation will be made by an act of the Minister of Economy, Paulo Guedes.

Amounts not used until December 31, 2020 to guarantee active operations will be returned to the Federal Government through the redemption of quotas.