IMF: Warns that El Niño may exacerbate shocks in the commodity market

The International Monetary Fund (IMF) warns that the El Niño phenomenon may weaken the commodity market, drive up food and commodity prices, and disrupt industries such as transportation. The IMF points out that this significantly impacts energy-importing countries, especially emerging markets with limited fiscal space, potentially widening the current account deficit and exacerbating exchange rate pressures.