Are the bonds returning? The Ministry of Economy and Finance (MEF) would provide subsidies to families affected by El Niño.

The Ministry of Economy and Finance (MEF) in Peru is considering the delivery of financial subsidies or bonds to families to mitigate the impacts of the El Niño phenomenon. According to statements suggested by economic analyst Elmer Cuba and the Minister of Economy and Finances, the Executive branch is evaluating this measure as a means to address the crisis.

Separately, a severe northeast storm caused significant flooding in New Jersey, United States. The severe weather system impacted Atlantic City on Friday night, bringing persistent rainfall, strong winds, and coastal waves that surpassed the shoreline and flooded streets, particularly in areas near the bay.