The National Monetary Council (CMN) in Brazil has approved a limit of up to R$ 8 billion for Correios, the postal service, to secure a new loan in 2026 aimed at financing its restructuring plan. This decision is a necessary step for the company in its quest to officially secure the credit needed to stabilize its operations and address ongoing financial challenges. Importantly, the loan will be backed by the federal government, which would guarantee the payments in case of default, indicating the government’s support for the survival of a vital state-owned entity.

Though the CMN has provided the framework for this funding initiative, it is crucial to note that this does not yet mean that the National Treasury has finalized the guarantees, nor that banks have approved the financing. The specific terms of the loan are still to be defined, as the management of Correios will need to negotiate with financial institutions to establish conditions that comply with governmental limits. The Treasury is preparing to set a maximum cost for guaranteed contracts, particularly noting that loans with a ten-year term should not exceed 120% of the interbank deposit certificate (CDI) rate, which is a benchmark for the cost of borrowing.

As reported by Folha, the postal service has already begun discussions to secure the additional R$ 8 billion by June, which underscores the urgency of the matter. The approval and subsequent actions will be critical for the future of Correios, which has faced various operational and financial hurdles in recent years. Ensuring adequate funding will be pivotal not only for its restructuring plans but also for maintaining essential mail services throughout Brazil.