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Correios Attempt New Agreement After Treasury Refusal of Billion-Dollar Loan, Increasing Risk for Operations in 2026.
Correios Seek New Agreement with the Treasury After Refusal of Billion-Dollar Loan and Strengthen Efforts to Maintain Operations
The Correios are once again attempting to obtain financial support from the government after the National Treasury rejected their request for a loan of R$ 20 billion that would sustain the continuation of the state-owned company’s operations.
On Friday (6), the company’s management confirmed that it is reformulating the financial model submitted to the government and seeking alternatives to secure the credit as early as 2025.
This new move comes because, according to the company, the Treasury disagreed with the conditions presented by the lending banks, which prevented the granting of the endorsement. Thus, the state-owned company decided to rebuild the proposal to meet fiscal requirements and reduce risks.
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In an internal communication sent to employees, the company stated that “Correios and Treasury are working together to build alternatives,” emphasizing that the Minister of Finance, Fernando Haddad, has publicly mentioned the search for solutions.
The guideline is to prepare a new financing plan that is more balanced, with lower costs and greater operational security.
How Correios are Acting After the Impasse
The company reported that while renegotiating with the government, it is adopting measures to preserve cash and ensure the continuity of deliveries. Additionally, the state-owned company emphasized that it is aligned with the 2025–2027 Restructuring Plan, which aims to reduce expenses and improve performance.
The immediate priority is to maintain essential suppliers, meet deadlines, and avoid interruptions in the flow of orders. The operational goal is to achieve 95% of deliveries on time by January 2026, a rate considered crucial to avoid losing major contracts.
The board highlighted that each economic step—from internal savings to customer loyalty—is decisive to overcome this critical moment. “Each delivery on time, each satisfied customer, and each generated savings makes a difference,” the communication states.
Why the Loan Was Denied and What the Government Expects
Minister Fernando Haddad stated that there will be no loan, funding, or endorsement until the recovery plan for Correios is fully approved. According to him, the government will not release funds without clear countermeasures or outside the fiscal rules.
According to Haddad, the final decision depends on the technical analysis of the National Treasury, which is responsible for assessing the financial health of the state-owned company and the impact of any credit operation. He also reinforced that alternatives are being studied but warned that “there is no automatic solution.”
Correios Entering a Decisive Phase for Survival
The state-owned company acknowledges that 2026 will be a critical year for its survival and that short-term financial stability is essential to advance in restructuring. Therefore, the management has been emphasizing to employees the need for unity.
“All of us, employees and managers, need to share the same cause: ensuring the continuity of the company, preserving jobs, and securing compensation for everyone,” the management stated in the document.
What to Expect in the Coming Months
In light of the scenario, experts assess that the state-owned company will only turn the tide if it delivers a robust recovery plan, containing cost cuts, logistical modernization, and strategies to regain market share.
Moreover, the renegotiation with the Treasury should determine whether Correios will have access to the necessary credit to avoid operational collapse.
In the meantime, the company is trying to balance its accounts, reorganize processes, and maintain public service without losses—an essential task to avoid further financial losses.
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