Photo: screengrab from the official website of Brasil 247

By Brasil 247 – The Brazilian Development Bank (BNDES) has reached a significant volume of credit approvals for companies affected by the trade policy adopted by the US. According to data released by BNDES and originally reported by Brasil 247, the Brazil Sovereign Plan has approved R$9.72 billion ($1.8 billion) in financing.

The approved amount corresponds to 717 operations, supporting 171 large companies and 546 micro, small and medium-sized firms. The program was created to mitigate the effects of US’ trade war, Brasil 247 reported.

Industry leads demand as credit distribution accelerates

São Paulo accounts for the largest share of released funds, totaling R$2.96 billion ($548 million), followed by Rio Grande do Sul with R$1.33 billion ($246 million), Santa Catarina with R$1.26 billion ($233 million) and Paraná with R$1.08 billion ($200 million).

The manufacturing sector absorbs the largest portion, with R$7.8 billion ($1.44 billion), while commerce and services receive R$1.21 billion ($224 million). Agriculture and extractive industries follow with R$557.13 million ($103 million) and R$153.47 million ($28 million), respectively.

New eligibility round sustains strong financing demand

Since the opening of the new eligibility consultation on November 21, an additional 267 requests have been submitted, totaling R$4.55 billion ($842 million).

The movement shows that, despite recent retreats by the US government — which removed products such as beef, tomatoes, coffee and bananas from the surcharge list — pressure on Brazilian exports remains significant.

During the opening of the 1st Brazilian Economy Week, promoted by the Celso Furtado International Center for Development Policies (Cicef), BNDES Director of Planning and Institutional Relations Nelson Barbosa warned: “Despite the reduction of some tariffs, most of the Brazilian industrial sector is still facing an additional 40% surcharge.”

Expanded criteria allow more companies and suppliers to join the program

The Brazil Sovereign Plan was established under Provisional Measure 1,309/2025. Initially, R$30 billion ($5.55 billion) from the Export Guarantee Fund (FGE) were allocated to companies exposed to a 50% tariff and with at least 5% of their revenue derived from exports to the US market.

With the publication of Ordinance 21 by the Ministry of Finance and the Ministry of Development, Industry, Trade and Services (MDIC), the minimum share of revenue tied to the US market was reduced to 1%. Additionally, suppliers to exporting companies also became eligible.
 The Federal Revenue Service and MDIC are responsible for informing BNDES which companies meet the requirements.

(Reported by Brasil 247 on December 1, 2025)