With an exceptionally strong El Niño threatening lives and livelihoods, in this commentary for Earth Capital Nexus Nicola Ranger and Tom Tayler call for action now to protect vulnerable communities and turn an imminent climate shock into earlier action and lasting systemic resilience. Reforming global financial rules that discourage upfront investment in resilience is central to that goal. Debt reforms, the upcoming replenishment cycle of the World Bank’s fund for low-income countries, and the UK’s 2027 G20 presidency offer opportunities to reward prevention rather than simply finance recovery.

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