US EditionWorld Bank to Provide Financial Aid to Countries Impacted by Middle ...
The institution will deploy fast-disbursing financing, liquidity support, and policy tools to help affected nations manage economic disruptions from the conflict.
- On Thursday, The World Bank Group announced it will support client governments facing Middle East conflict challenges, maintaining direct contact with the most affected nations.
- Shipping route disruptions stemming from the Israeli-Iran conflict have increased Commodities prices, particularly fuel, creating supply risks that threaten agricultural inputs and economic stability.
- The World Bank said its aim is to deliver "immediate relief by leveraging our active portfolio," utilizing its crisis response toolkit and pre-arranged financing facilities.
- Through its private sector arms, The World Bank will provide firms with "essential liquidity, trade finance, and working capital" to preserve jobs and growth in affected nations.
- Previously, The World Bank used similar fast-disbursing policy development facilities to speed hundreds of billions of dollars in pandemic relief in exchange for reform targets from governments.
15 Articles
15 Articles
World Bank to provide financial aid to countries affected by war
The World Bank Group said on Thursday it will support client governments as they deal with challenges caused by the Middle East conflict, including increases in energy costs, by leveraging fast-disbursing policy financing instruments. The development lender said in a statement it was ready to respond at scale with immediate financial relief, policy expertise and private sector support to preserve jobs and growth in affected countries. "Our aim i…
The World Bank said on Thursday it was ready to provide emergency financial assistance to emerging market countries struggling with the economic fallout from the conflict in the Middle East.
World Bank to provide financial aid to countries impacted by Middle East war
The World Bank Group said on Thursday that it will support client governments as they deal with challenges brought on by the Middle East conflict, including major increases in energy costs, by leveraging fast-disbursing policy financing instruments.
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