AGP Executive Report
Last update: 11 hours agoEl Niño Response in Panama: Panama declared a nationwide state of emergency over intensifying El Niño impacts, citing drought, flood risks, and knock-on effects for the Panama Canal, agriculture, and hydropower. IMHPA says El Niño is expected to strengthen from October through March 2027, with below-average rainfall and water stress already hitting 11 watersheds, disrupting drinking water and hydropower and affecting more than 10,000 people since January. Canal Pressure & Costs: With low water levels, the Canal has already started restricting daily transit and is expected to tighten further, while a record auction fee of $5.3 million was paid for a September 1 slot by SK Gas—highlighting how drought and geopolitical risk are driving longer waits and higher shipping costs. Biodiversity in Focus: Conservationists in Panama are working to save threatened harlequin frogs (Atelopus), which are losing their chemical defenses in the wild; the Panama Amphibian Rescue and Conservation Project is testing tetrodotoxin-enriched larvae to help captive-bred frogs regain protection before reintroduction. Regional Heat Warning: Across Central America and the Caribbean, governments and climate experts are bracing for worsening drought and extreme heat into 2027, with warnings of potentially record-breaking temperatures and higher risks of wildfires and coral bleaching.
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