Brazil Strengthens Business Environment Through Institutional Dialogue and New Credit Lines
Brazil advances its business environment through enhanced legal governance and new credit lines supporting entrepreneurship and tourism in Mato Grosso.
- • Meeting between CFC and former OAB president focused on economic development through legal security and accounting.
- • CFC promotes accounting as a tool to increase public trust, reduce regulatory asymmetries, and improve policy quality.
- • Desenvolve MT launched Desenvolve Fundes line for micro and small entrepreneurs and Fungetur line for tourism businesses.
- • Local entrepreneur Camila Campos benefited from Desenvolve MT’s credit line to expand her restaurant business.
Key details
On February 10, Joaquim Bezerra, President of the Federal Council of Accounting (CFC), met with Marcus Vinicius Furtado Coêlho, former President of the Brazilian Bar Association, to discuss improving Brazil’s business environment, legal security, and taxation challenges. Both leaders emphasized the importance of inter-institutional collaboration to foster economic growth and democratic development. Bezerra highlighted accounting’s strategic role in enhancing public trust, reducing regulatory asymmetries, and improving legal security. He noted that harmonizing accounting standards with regulatory frameworks leads to greater economic predictability and better quality public policy. For instance, alignment of accounting norms with electoral rules has helped reduce account rejections and strengthened electoral justice.
In parallel, Mato Grosso’s Development Agency, Desenvolve MT, launched two new credit lines aimed at supporting entrepreneurs and boosting the local economy. The Desenvolve Fundes line targets micro and small urban entrepreneurs and rural producers, supporting sectors like commerce, services, bars, restaurants, and hotels. Mayran Beckman, president of Desenvolve MT, highlighted the accessibility of this credit to stimulate new investments. The second, Fungetur, targets the tourism sector and offers financing up to 5 million reais per project to help strengthen tourism-related businesses in the state. These initiatives complement the agency’s existing five credit modalities that cover areas such as business, transport, rural investment, and innovation.
Local entrepreneur Camila Campos, owner of a café and restaurant in Mato Grosso’s capital, benefited from the Invest credit line, securing vital financing to revitalize and grow her family business. This example showcases the practical impact of targeted financial support in improving Brazil’s business environment.
Both the discussions on governance and the practical financing measures highlight a comprehensive approach to advancing Brazil’s economic infrastructure.
This article was translated and synthesized from Brazilian sources, providing English-speaking readers with local perspectives.
