Crédito rural e sustentabilidade: avanços e retrocessos da Resolução CMN nº 5.193/2024

The briefing analyzes Resolution CMN No. 5,193/2024, noting progress in banning credit for projects involving native vegetation suppression and illegal deforestation. However, it highlights significant risks, including the expansion of credit access for irregular occupations in public forests and a lack of robust monitoring and sanctions to ensure environmental compliance.

• Resolution CMN No. 5,193/2024 introduces a first-time ban on rural credit for projects that involve the suppression of native vegetation, regardless of whether the act is legal or illegal. However, the effectiveness of this measure is challenged by the fungibility of financial resources, making it difficult to track if public funds are actually used for deforestation.
• The resolution prohibits rural credit for properties with illegal deforestation occurring after July 31, 2019, using data from Prodes and the Rural Environmental Registry (CAR). While this is an advancement, the rule allows borrowers to present technical reports based on remote sensing to contest official data, which may create loopholes for irregular properties to obtain credit.
• Socio-environmental restrictions on native vegetation suppression and illegal deforestation apply only to operations using controlled or directed resources. This excludes 'free resources' (recursos livres), which still benefit from public fiscal incentives such as a zero IOF tax rate, limiting the overall impact of the policy.
• The resolution introduces flexibility for properties with environmental embargos, allowing credit if funds are used for native vegetation recovery or if the borrower is in a regularization process (until 2027). These exceptions aim to distinguish producers attempting to comply with the law from those remaining irregular, though they require monitoring to be effective.
• There is a significant risk of encouraging land grabbing (grilagem) and deforestation in non-designated public forests. The resolution increased the limit for creditable occupations from four to fifteen fiscal modules and removed the requirement for proof of land regularization with Incra.
• The regulatory framework lacks effective monitoring mechanisms and robust sanctions. The current penalty for non-compliance is 'declassification' of the operation, which is an economic contractual sanction that does not guarantee environmental reparation or the return of resources.

APA

Climate Policy Initiative (2025). Crédito rural e sustentabilidade: avanços e retrocessos da Resolução CMN nº 5.193/2024. https://www.climatepolicyinitiative.org/pt-br/publication/credito-rural-e-sustentabilidade-avancos-e-retrocessos-da-resolucao-cmn-no-5-193-2024/

Chicago

Climate Policy Initiative. Crédito rural e sustentabilidade: avanços e retrocessos da Resolução CMN nº 5.193/2024. 2025. https://www.climatepolicyinitiative.org/pt-br/publication/credito-rural-e-sustentabilidade-avancos-e-retrocessos-da-resolucao-cmn-no-5-193-2024/.

Wikipedia

{{cite report |author=Climate Policy Initiative |title=Crédito rural e sustentabilidade: avanços e retrocessos da Resolução CMN nº 5.193/2024 |date=16 June 2025 |url=https://www.climatepolicyinitiative.org/pt-br/publication/credito-rural-e-sustentabilidade-avancos-e-retrocessos-da-resolucao-cmn-no-5-193-2024/ |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{climatepolicyinitiative2025crdito, author = {{Climate Policy Initiative}}, title = {{Crédito rural e sustentabilidade: avanços e retrocessos da Resolução CMN nº 5.193/2024}}, institution = {Climate Policy Initiative}, year = {2025}, month = jun, url = {https://www.climatepolicyinitiative.org/pt-br/publication/credito-rural-e-sustentabilidade-avancos-e-retrocessos-da-resolucao-cmn-no-5-193-2024/}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }