Brazil's Finance Ministry allocates up to R$3 billion for expanded Desenrola Adimplentes program

The Brazilian National Monetary Council (CMN) approved a resolution that earmarks up to R$3 billion for the new phase of the Desenrola Adimplentes program, which targets borrowers with up to 90 days of payment delay, former FIES beneficiaries, informal workers and micro‑entrepreneurs. The scheme allows debt renegotiation with reduced interest rates and seeks to lower household delinquency.

Economist Sérgio Vale warned that the initiative may create a moral hazard, stating, “If I delay any installment and am rewarded with a lower interest rate, what incentive is there to pay on time?” He also argued that using para‑fiscal funds such as the FGO and FGTS runs counter to the central bank’s tightening policy. Financial‑services specialist Luiz Fernando Zanqueta added that the program’s eligibility limits—income up to five minimum wages and specific credit types—leave out many heavily indebted households, who may need broader financial planning beyond a simple renegotiation.

Critics emphasize the need for structural reforms to Brazil’s high banking spread rather than short‑term subsidies, while the government positions the program as a tool to improve consumer credit conditions ahead of upcoming elections.