Glossary

Technical terms, public policy, and initiatives to achieve zero deforestation and conserve forests explained with a simple click by quick and easy consultation.
Back

National Monetary Council Resolutions

National Monetary Council regulations that restrict credit to producers who do not comply with environmental legislation.
Over the years, the CMN (National Monetary Council) has been issuing resolutions that seek to restrict credit concessions and other areas to curb criminal and legal deforestation in the Amazon. The CMN establishes the general guidelines for monetary, exchange, and credit policies, in addition to regulating the operating conditions and inspection of financial institutions in the country. In 2008, when federal legislation tightened sanctions against illicit deforestation, CNM Resolution 3545 linked rural credit concession to rural producers in the Amazon to environmental compliance. In 2020, Resolution 4,883 conditioned credit approval to an absence of areas embargoed by the Brazilian Institute for the Environment and Renewable Natural Resources (Ibama) in the property or any sanctions on settlers for illegal deforestation. Estimates show that these restrictions have reduced the supply of medium and large loans to businesses that damage the environment. Between 2008 and 2011 alone, approximately R$2.9 billion was not lent to rural investors.

See also:

https://www.gov.br/fazenda/pt-br/assuntos/cmn/atuacao-da-spe http://www.planalto.gov.br/ccivil_03/_ato2007-2010/2008/decreto/d6514.htm https://www.ipea.gov.br/portal/index.php?option=com_content&view=article&id=17709 https://www.in.gov.br/en/web/dou/-/resolucao-cmn-n-4.883-de-23-de-dezembro-de-2020-296178058 https://www.bcb.gov.br/pre/normativos/res/2008/pdf/res_3545_v1_O.pdf https://www.in.gov.br/en/web/dou/-/resolucao-cmn-n-4.883-de-23-de-dezembro-de-2020-296178058

PlenaMata Newsletter

SUBSCRIBE AND JOIN THE MOVEMENT

trees cut down in 2024

PlenaMata Newsletter

trees cut down in 2024
Offered by