The Ministry of Finance announced that the last stage of the long-awaited Program Unwind BrazilIt is scheduled to start between the 25th and 29th of September.
This debt renegotiation initiative, promised during President Luiz Inacio Lula da Silva's campaign, aims to ease the financial burden of millions of Brazilians.
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According to Ministry estimates, around 70 million people who currently have the Negative CPF will be able to benefit from the program.
Through this opportunity, such individuals will be able to regain access to credit, which would consequently boost consumption and contribute to economic growth.
How will the new phase be?
The next phase of the program will benefit consumers classified in Tier 1 and will cover debts limited to up to R$5,000, which can be paid in up to 60 installments.
This includes people with a monthly income of up to R$ 2,640.00 (equivalent to two minimum wages) or those enrolled in the Single Registry of the Federal Government.
Participants will be subject to an interest rate of 1.99% per month, with a minimum installment of R$50. Renegotiation will require registration on government digital channels.
(Image: publicity)
So far, only bank debts can enter into an agreement, and the numbers released by the Brazilian Federation of Banks (Febraban) reveal that a total of R$ 8.1 billion has already been refinanced since the beginning of the program, on 17 June.
The first phase of Desenrola Brasil, which began in June, served the population with an income of up to R$ 20,000. Since then, approximately 1 million people have managed to settle overdue debts with banking institutions.
According to Serasa, defaults fell for the second consecutive month in July, especially in bank debt and credit cards, with a reduction of 1.6 percentage points.
However, the nation still faces the challenge of dealing with 71 million people in debt, which is equivalent to 43.72% of the country's adult population.
