Middle East Crisis: W’Bank Readies $100bn Support for Developing Nations

Middle East crisis: W’Bank readies $100bn support for developing nations

The World Bank is preparing up to $100bn in financial support for developing nations to mitigate the economic impact of the Middle East crisis. Learn more Read More: https://punchng.com/middle-east-crisis-wbank-readies-100bn-support-for-developing-nations/

Middle East Crisis: World Bank unveils $100 billion relief for developing countries

The World Bank Group has announced plans to provide up to $100 billion in financing support for developing countries over the next 15 months as the escalating Middle East conflict threatens to drag global growth to its weakest level since the COVID-19 pandemic. The post Middle East Crisis: World Bank unveils $100 billion relief for developing countries appeared first on Nairametrics.

Middle East conflict: World Bank readies $100 billion crisis shield

Washington: The World Bank Group said on Thursday it is prepared to deploy up to $100 billion over the next 15 months to help developing countries cope with the economic fallout from the conflict in the Middle East, as rising energy prices and slowing growth place fresh pressure on vulnerable economies.  The multilateral lender said it is immediately making available between $50 billion and $60 billion through existing instruments, including $25…