World Bank Spotlights Middle East Conflict as Costs Skyrocket

World Bank spotlights Middle East conflict as costs skyrocket

The Middle East situation is having an adverse effect on commodity prices and logistics, the World Bank said on Thursday, citing complaints by its clients in emerging markets. In a statement on the conflict, the institution observed that shipping route disruptions are increasing costs, with supply risks spreading from energy into fertilizers and other critical agricultural inputs. Crude oil prices rose by nearly 40 percent over the past month, L…

World Bank Group statement on the conflict in the Middle East

A number of the World Bank Group’s clients in emerging markets have reached out to us as the conflict in the Middle East has started to impact commodity prices and logistics. We are working with governments, the private sector, regional partners, and other stakeholders to help them through this new set of challenges. We are closely monitoring global market developments, and we are in direct contact with the most affected client countries to unde…

Middle East Tensions: World Bank warns of fertiliser price surge

…backs domestic agriculture with fresh funding    By Wisdom JONNY-NUEKPE The World Bank has warned that ongoing conflict and heightened geopolitical tensions in the Middle East pose a significant risk to global fertiliser supply, raising concerns over potential shortages and price increases for key agricultural inputs. Speaking at a World Bank Civil Society Organisation Engagement on food security in Accra, Agricultural Economist-World Bank Ghan…

World Bank ready to respond ‘at scale’ to Middle East war fallout

The multilateral donor and development agency said a number of its clients had reached out as the crisis has begun to impact commodity prices and logistics.