World Bank may mobilise up to $25 billion for countries hit by Middle East war
Bloomberg, citing WB president, says lender could deploy the rapid financing to help countries cope with the economic shock of the war in Iran
World Bank President Ajay Banga. File photo: Reuters
The World Bank Group could mobilize $20 billion to $25 billion in rapid financing to countries grappling with the economic fallout of the war in Iran, Bloomberg News reported on Thursday, citing World Bank President Ajay Banga.
If the conflict persists, the World Bank is trying to see if it can get another $50 billion to $60 billion in capacity to help, Banga told Bloomberg Television. Any World Bank support would add to that from the International Monetary Fund.
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