IMF preparing El Nino assistance, ‘concerned about food security’
Finance
Business
October 7, 2026
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SINGAPORE (AFP)—The International Monetary Fund is preparing to offer support to countries exposed to the effects of El Nino, the organisation’s director Kristalina Georgieva told AFP on Wednesday, expressing concern about food security.
El Nino is a natural phenomenon recurring every two to seven years owing to the warming of sea surfaces, bringing worldwide changes in winds, pressure and rainfall patterns.
Global forecasters predict this year’s event will peak at an intensity never observed in the modern era, compounding the effects of man-made climate change which drives extreme weather patterns.
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