IMF Preparing El Nino Assistance, Concerned About AI Bubble Burst: Chief to AFP
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6 Articles
International Monetary Fund preparing El Nino aid
The International Monetary Fund is preparing to offer support to countries exposed to the effects of El Nino, the organisation's director Kristalina Georgieva said 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…
IMF preparing El Nino assistance, concerned about AI bubble burst: chief to AFP
El Nino is a natural phenomenon recurring every two to seven years due 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. Central American countries are already grappling with drought, while Asian nations…
"We are very concerned about El Niño, of a higher intensity than average, and we are concerned about food security," he said during an interview in Singapore on Wednesday. He is already causing extreme weather events, from drought in Central America to monsoon alterations in India that endanger crops. In the so-called Central American Dry Corridor, El Niño is causing food shortages and pushing farmers to rush to sell cattle before he dies. "We f…
IMF President Kristalina Georgieva said they are concerned about El Nino's impact on food supply security and inflation. The Fund is preparing to provide support to vulnerable countries.
The International Monetary Fund stands ready to fly to the aid of the most fragile nations in the face of the climate disruptions of El Niño, which threaten to... Read the article The IMF on the quiver against El Niño and the vertigo of artificial intelligence appeared first on Le Singulier.
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