Overview
- Finance Minister Fernando Haddad said the Tesouro is finalizing its review of a Correios proposal backed by a bank consortium, with a decision targeted for this week.
- A new portaria sets procedures for guarantees to non‑dependent state firms and enforces a ceiling of 120% of the CDI, which the current offer reportedly meets.
- Banco do Brasil, Caixa, Bradesco, Itaú and Santander proposed roughly R$12 billion over 15 years with three years of grace and interest near 115% of the CDI, with R$10 billion potentially disbursed this year and the remainder in 2026.
- Haddad ruled out a direct cash injection for now, and any federal guarantee will require an approved plan that cuts costs, closes unprofitable units and expands revenue partnerships.
- Correios’ plan under discussion includes a PDV to reduce about 15,000 positions and the closure of roughly 1,000 sites, while governance concerns persist with fiscal‑council warnings since 2023 and a CGU audit pointing to inconsistencies in the 2023 accounts.