Decree No. 12.994 regulating Law No. 9.818 of 23 August 1999 on the Export Guarantee Fund.
Country
Type of law
Regulation
Abstract
This Decree regulates and updates Brazil’s official export credit support system by implementing recent amendments to the legal framework governing the Export Guarantee Fund (FGE), the Export Credit Insurance System (SCE), and related export financing mechanisms. Its main objective is to expand and modernize government-backed guarantees for exporters by defining new conditions under which the Union may provide coverage against commercial risks, including operations involving micro, small and medium-sized enterprises, aviation-sector credit, and productive investment projects linked to high-technology industries and the green economy. The Decree also broadens eligibility for direct credit operations and clarifies the scope of guarantees applicable to export-oriented investments and financing activities. A second objective of the Decree is to strengthen the institutional governance and risk-management structure of Brazil’s export support system. It updates the responsibilities of the Chamber of Foreign Trade (CAMEX) and the Committee on Export Financing and Guarantees (COFIG), establishes procedures for setting guarantee parameters and monitoring risks, and aligns several earlier decrees with the reforms introduced by Law No. 15.359 of 2026 and related legislation.
Attached files
Web site
Date of text
Entry into force notes
This Decree enters into force on the day of its publication.
Repealed
No
Source language
English
Legislation Amendment
No
Original title
Decreto nº 12.994 - Regulamenta a Lei nº 9.818, de 23 de agosto de 1999, que cria o Fundo de Garantia à Exportação, e a Lei nº 15.359, de 24 de março de 2026, e a Medida Provisória nº 1.345, de 24 de março de 2026, que alteram o sistema brasileiro de apoio oficial ao crédito à exportação, e altera o Decreto nº 3.937, de 25 de setembro de 2001, que dispõe sobre o Seguro de Crédito à Exportação, o Decreto nº 4.993, de 18 de fevereiro de 2004, que cria o Comitê de Financiamento e Garantia das Exportações, e o Decreto nº 11.428, de 2 de março de 2023, que dispõe sobre a Câmara de Comércio Exterior.