Peru Uses Taxes-for-Works Mechanism to Fund El Niño Prevention

Peru's executive issued Emergency Decree 010-2026 to enable private investment via the Taxes for Works (OxI) mechanism for El Niño prevention infrastructure. The decree accelerates public-private cooperation to mitigate flood and drought risks, but implementation details and funding scope remain unclear. This matters as El Niño poses significant economic and humanitarian threats to Peru's coastal regions.