Overview
- The Ministry of Economy and Finance announced Wednesday that it holds more than US$2,000 million in contingent funds set aside for prevention and response to the Fenómeno El Niño.
- Officials are accelerating interministerial planning to map priority zones and identify the programs and budgets that will be executed from those funds.
- The MEF has flagged fishing, industry and agriculture as the sectors most at risk from El Niño’s likely heavy rains and ocean changes.
- Government sources say major effects are expected from November into next year, which is driving a push to finalize actions before the transition to the next administration.
- Authorities intend to leave a formal development and response proposal for the incoming government so planned measures and financing can continue without interruption.