CAF Plans $1B Package for 'Super Niño' as UN Warns of Food Insecurity

The Development Bank of Latin America (CAF) announced an initial $1 billion package to address the effects of a 'Super Niño' event, which UN agencies warn threatens food security for 25.8 million children. The phenomenon is expected to peak in December and last until February 2027, indicating a prolonged and severe climate event. The funding signals regional preparedness but underscores the scale of the humanitarian and economic risk.