UN ECLAC Warns Super El Nino Could Batter Latin America and Caribbean Economies

ECLAC's warning matters because it frames a climate shock as a sovereign credit and fiscal-stability issue, not just a humanitarian one. The countries most exposed are those already carrying high debt loads and narrow fiscal buffers, where a hit to agriculture, fisheries and energy output would translate directly into lost revenue and higher import bills. The open question is whether governments build contingency financing before the event rather than after, and whether the warning itself shifts how multilateral lenders price climate risk in the region.