CAF commits $1B to regional El Niño response, targets vulnerable populations

The Development Bank of Latin America (CAF) announced a $1 billion financing package to address the El Niño phenomenon across the region, with funds earmarked for protecting vulnerable populations and supplemented by technical assistance. The announcement signals a significant multilateral response to anticipated climate-related impacts, though specific country allocations and project timelines remain unspecified. This development underscores the growing financial mobilization for climate adaptation in Latin America.