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Brazil Says Move Brasil Disbursed Nearly R$2 Billion in First Month

Officials say the open-ended program is cutting borrowing costs to speed truck fleet renewal.

Overview

  • Vice President Geraldo Alckmin reported about R$1.9–2.0 billion in financing released since the program’s launch a month ago.
  • The credit envelope stands at R$10 billion, with R$1 billion reserved for autonomous truckers and cooperatives, and no increase under discussion.
  • Loans are advertised near 13% per year, with limits up to R$50 million per user, terms up to five years, up to six months of grace, and FGI guarantees up to 80%.
  • Early activity included 1,152 operations averaging R$1.1 million across 532 municipalities, while separate reporting cited R$1.3 billion in approved credit, indicating approval versus disbursement differences.
  • Officials frame the program as a response to a steep 2025 downturn in truck sales, tighter credit conditions, and the push to modernize fleets under environmental criteria.