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Desenrola program may have up to R$ 20 billion from the Treasury to refinance 40 million Brazilians

The program for refinancing small debts, Desenrola, will be funded by banks and guaranteed against default offered by the National Treasury.

The model is still being finalized, but discussions indicate that the government may set up a fund of up to R$ 20 billion for the program.

In banks, the hypothesis of a fund with up to R$ 20 billion indicates that the figure would be enough to guarantee the refinancing of up to R$ 80 billion in unpaid debts of 40 million people with income of up to two minimum wages.

Government and banks advanced in the last few hours in modeling the program.

Banks are willing to use their own resources to refinance debts as long as there is some level of guarantee against defaults.

To provide this support, the economic team proposes to adopt a guarantee mechanism similar to that used in Pronampe, the National Support Program for Micro and Small Businesses.

The program is praised for the guarantee offered to banks and for the low default rate.

In the discussions at Desenrola, the government suggested the creation of a fund with Treasury resources with amounts between R$ 10 billion and R$ 20 billion.

Asked about the hypothesis of a fund with up to R$ 20 billion, the president of Febraban, Isaac Sidney, indicates that the value would be enough to reach up to 40 billion.

“The value of the fund is not our definition, but it is possible to say that an amount of R$ 15 billion to R$ 20 billion has the potential to offer guarantee to refinance the debt of up to 40 million negative people with income of up to two salaries. minimum”, he evaluates, who demonstrates optimism with the initiative.

The president of Febraban explains that this universe of Brazilians currently owes around R$ 150 billion. “This amount is without discount. If there is negotiation and discounts are granted, the amount could fall to around BRL 80 billion”.

The figures under discussion show that the guarantee offered by the Treasury would not be sufficient for the universe initially proposed for the program – of Brazilians with an income of up to three minimum wages or R$3,906. Therefore, the cut-off line must be reduced for income of up to R$ 2,604.

Isaac Sidney cites that the deadline for customers to pay this refinancing could be between two and five years.

No money in the account

Two-thirds of defaults by Brazilians are not with the banks. This amount refers to other bills, such as electricity, water, gas, cell phone or store bills.

For this reason, the president of Febraban says that a center for the settlement of payments should be created and, in this way, the program would link the financial institution and creditors.

“No penny enters the debtor’s account. The idea is that there is centralization in a system that connects with the credit bureau and the banks”, he explains. Therefore, the debt will be settled without the money passing through the customer’s checking account.

Source: CNN Brasil

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