# Law No. 9665 of June 19, 1998

> Brazilian law

**Wikidata**: [Q105647997](https://www.wikidata.org/wiki/Q105647997)  
**Source**: https://4ort.xyz/entity/law-no-9665-of-june-19-1998

## Summary
Law No. 9665 of June 19, 1998 is a Brazilian statute that authorizes the Executive Power to grant partial remission of external credits and negotiate debt titles. Enacted in 1998, it specifically addresses external financial obligations in accordance with parameters established in agreements like the "Paris Club" or bilateral memorandums of understanding. This law also permits the Executive Power to receive debt titles from Brazil and other countries as payment.

## Key Facts
- **Official Title:** Lei nº 9665, de 19 de junho de 1998
- **Aliases:** Lei nº 9665, de 19 de junho de 1998
- **Country:** Brazil
- **Publication Date:** June 19, 1998
- **Approval Authority:** Presidency of the Federative Republic of Brazil
- **Approving President:** Fernando Henrique Cardoso (on June 19, 1998)
- **Type:** Statute
- **Primary Authorization:** Grants the Executive Power the authority to concede partial remission of external credits and negotiate external debt titles.
- **Specific Context:** Actions are to be in consonance with parameters from the "Paris Club" or bilateral memorandums of understanding.
- **Additional Authorization:** Allows the Executive Power to receive debt titles from Brazil and other countries as payment.
- **Main Subjects:** Federal Government of Brazil (União Federal), foreign countries (País Estrangeiro), authorization (Autorização), executive branch (Executivo), Ministry of Finance of Brazil (Ministerio Da Fazenda (Mf)), competency (Competencia), and contracts (Contrato).
- **LexML Brazil ID:** urn:lex:br:federal:lei:1998-06-19;9665
- **Place of Publication:** Brasília
- **Work Available At:** https://www.planalto.gov.br/ccivil_03/leis/l9665.htm
- **Applies to Jurisdiction:** Brazil
- **Language:** Brazilian Portuguese
- **Legal Citation:** Lei nº 9665/1998
- **Wikimedia Project Involvement:** On the focus list of WikiProject Brazilian Laws.

## FAQs
**What is the primary objective of Law No. 9665 of June 19, 1998?**
The main objective of this law is to authorize the Executive Power of Brazil to grant partial remission of external credits and to negotiate titles related to external credits at market value. It also allows for the acceptance of debt titles from Brazil and other countries as a form of payment.

**Which entity approved Law No. 9665, and who was the President at the time?**
Law No. 9665 was approved by the Presidency of the Federative Republic of Brazil. The President responsible for its promulgation on June 19, 1998, was Fernando Henrique Cardoso.

**What is the official legal reference for this Brazilian law?**
The official legal citation for this law is Lei nº 9665/1998. It can also be identified by its LexML Brazil ID: urn:lex:br:federal:lei:1998-06-19;9665, and is available online at planalto.gov.br.

## Why It Matters
Law No. 9665 of June 19, 1998 is significant because it provides the Brazilian Executive Power with crucial legal authority to manage the nation's external financial obligations and assets. By authorizing the partial remission of external credits and the negotiation of debt titles, it enables the government to engage in international financial diplomacy, particularly within frameworks like the "Paris Club" or through bilateral agreements. This statute is a key instrument for Brazil to restructure its debt, recover credits, and maintain stable financial relations with foreign countries, directly impacting the country's economic stability and international standing.

## Notable For
- **Specific Financial Authority:** Grants the Executive Power explicit authorization for partial remission of external credits and negotiation of debt titles, a critical function in international finance.
- **International Debt Management:** Directly references and aligns with parameters established by the "Paris Club" and bilateral memorandums of understanding, highlighting its role in global financial governance.
- **Presidential Approval:** Signed into law by President Fernando Henrique Cardoso, a notable figure in Brazil's economic history.
- **Digital Accessibility:** Officially available online through the Brazilian government's legislative portal (planalto.gov.br) and indexed by LexML Brazil.
- **Wikimedia Project Inclusion:** Recognized and listed on the focus list of WikiProject Brazilian Laws, indicating its importance within legal documentation.

## Body

### Overview and Identification
Law No. 9665 of June 19, 1998, officially titled "Lei nº 9665, de 19 de junho de 1998," is a formal written document that creates law in Brazil. It is also known by its alias, Lei nº 9665, de 19 de junho de 1998. This statute was published on June 19, 1998, in Brasília, Brazil, and its legal citation is Lei nº 9665/1998. The law is available for public access online at https://www.planalto.gov.br/ccivil_03/leis/l9665.htm and is identified by the LexML Brazil ID urn:lex:br:federal:lei:1998-06-19;9665. It is written in Brazilian Portuguese and applies specifically to the jurisdiction of Brazil.

### Purpose and Scope
The core purpose of Law No. 9665 is to grant specific financial powers to the Executive Power of Brazil. Its law digest states that it "AUTORIZA O PODER EXECUTIVO A CONCEDER REMISSÃO PARCIAL DE CREDITOS EXTERNOS, EM CONSONANCIA COM PARAMETROS ESTABELECIDOS NAS ATAS DE ENTENDIMENTOS ORIGINARIAS DO CHAMADO 'CLUBE DE PARIS' OU EM MEMORANDOS DE ENTENDIMENTOS DECORRENTES DE NEGOCIAÇÕES BILATERAIS, NEGOCIAR TITULOS REFERENTES A CREDITOS EXTERNOS A VALOR DE MERCADO E RECEBER TITULOS DA DIVIDA DO BRASIL E DE OUTROS PAISES EM PAGAMENTO E DA OUTRAS PROVIDENCIAS."

This means the law authorizes the Executive Power to:
- Grant partial remission of external credits.
- Negotiate titles related to external credits at market value.
- Receive debt titles from Brazil and other countries as payment.

These actions must be consistent with parameters established in understanding acts originating from the "Paris Club" or in memorandums of understanding resulting from bilateral negotiations. The main subjects of this law include the Federal Government of Brazil (União Federal), foreign countries (País Estrangeiro), authorization (Autorização), the executive branch (Executivo), the Ministry of Finance of Brazil (Ministerio Da Fazenda (Mf)), competency (Competencia), and contracts (Contrato).

### Approval and Context
Law No. 9665 was approved by the Presidency of the Federative Republic of Brazil. The promulgation of this law occurred on June 19, 1998, under the presidency of Fernando Henrique Cardoso. This places the law within a period of significant economic reforms and international engagement for Brazil.

### Classification and Related Concepts
As indicated by its `instance_of` property, Law No. 9665 is classified as a `statute`. A statute is a formal written document that creates law, encompassing acts, executive orders, and by-laws. It is a foundational legal concept, serving as the manifestation of statutory law. Statutes are created through legislation and function as the official record of legal rules enacted by a government or authority. In the context of Brazil, this law is a specific example of the legislative output of the Brazilian government, a federal republic with a presidential system. The country, Brazil, is the largest in South America and a major player in international affairs, making its financial legislation, such as Law No. 9665, relevant to global economic interactions.

### Digital Presence and Identifiers
Law No. 9665 is well-documented in digital legal repositories. Its LexML Brazil ID is urn:lex:br:federal:lei:1998-06-19;9665, providing a unique identifier within the Brazilian legal information system. The law's presence on the focus list of WikiProject Brazilian Laws further highlights its recognized status and importance for legal scholarship and public information within the Wikimedia ecosystem.

## References

1. [Source](https://www.lexml.gov.br/urn/urn:lex:br:federal:lei:1998-06-19;9665)
2. [Source](https://legislacao.presidencia.gov.br/atos?tipo=LEI&numero=9665&ano=1998&data=19/06/1998&ato=89ek3YE1EeNpWT34d)
3. LexML Brasil