Peru’s Ministry of Economy and Finance (MEF) has announced the availability of $2 billion in contingent credit to finance preventative measures and disaster response related to a potentially strong El Niño coastal event anticipated in the summer of 2027. Economy Minister Rodolfo Acuña stated the funds are in place to address potential disasters stemming from the weather phenomenon. This announcement follows warnings of a heightened probability of a strong El Niño. The financing will be used for both preventative actions to mitigate potential damage and for responding to emergencies should they arise. The government aims to be prepared for the potential impacts of heavy rainfall, flooding, and other related disasters. This proactive approach seeks to minimize economic disruption and protect citizens.