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last mo.

Peru Asks Congress to Approve S/9.566 Billion Supplemental Credit to Fund El Niño Prep and Public Investment

Officials say the funds will speed prevention works to ensure rapid emergency response ahead of a possible strong Niño Costero.

MEF sustenta crédito de S/9.566 millones: inversión, obras y prevención de El Niño entre prioridades
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Gobierno prepara fondo de respuesta ante posible Niño Costero fuerte en 2027
Ministro Rodolfo Acuña afirmó que el crédito suplementario en debate permitirá financiar proyectos de infraestructura, acciones preventivas ante El Niño y compromisos pendientes del Estado.

Overview

  • The Ministry of Economy and Finance presented and defended the S/9.566 billion supplemental credit request to the Congressional Budget Committee on Monday to cover public investment, outstanding labor obligations and targeted El Niño prevention measures.
  • The MEF says Peru has contingent credit lines of roughly US$2.0–2.5 billion available for prevention and emergency response, with press accounts differing over the exact total.
  • About 70% of the requested S/9.566 billion—roughly S/4.160 billion—is earmarked for capital expenditure and the rest for essential services and interventions.
  • The MEF detailed financing sources as S/1.260 billion from Treasury bond issuance, S/2.900 billion from higher ordinary revenues and S/5.436 billion from canon and royalties to regional and local governments.
  • ENFEN reports a 48% probability that the Niño Costero could reach strong magnitude in summer 2027, which the MEF cites to justify locking financing lines and coordinating ANIN-led desilting works and Armed Forces logistics before the 2026 administration change.