Twenty-seven countries have begun activating crisis mechanisms to rapidly access financing from existing World Bank programs, following the outbreak of war in the Middle East \u2014 a conflict whose economic shockwaves are now threatening developing economies worldwide.<\/p>\n
The World Bank document does not name the countries involved or disclose the total amount likely to be requested. Three nations have already approved new financial instruments since hostilities began on February 28, while others are still finalizing procedures.<\/p>\n
Officials from Kenya and Iraq confirmed to dzwatch they are seeking rapid World Bank support to cope with surging fuel prices and a dramatic collapse in oil revenues respectively. These nations are among 101 countries with access to pre-arranged crisis financing tools, including 54 that signed a rapid-response option allowing up to 10% of unused funding to be deployed immediately.<\/p>\n
World Bank President Ajay Banga previously stated the crisis toolkit could mobilize between $20\u2013$25 billion, potentially scaling to $60 billion over six months \u2014 and up to $100 billion with longer-term restructuring.<\/p>\n
IMF chief Kristalina Georgieva projected up to 12 countries may seek $20\u2013$50 billion in short-term IMF assistance, though few formal requests have materialized. “Countries are definitely in wait-and-see mode,” one senior source told dzwatch.<\/p>\n","protected":false},"excerpt":{"rendered":"
Twenty-seven countries have begun activating crisis mechanisms to rapidly access financing from existing World Bank programs, following the outbreak of war in the Middle East \u2014 a conflict whose economic shockwaves are now threatening developing economies worldwide. The World Bank document does not name the countries involved or disclose the total amount likely to be …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"rank_math_lock_modified_date":false,"cybocfi_hide_featured_image":"","iawp_total_views":0,"footnotes":""},"categories":[50],"tags":[],"class_list":["post-61088","post","type-post","status-publish","format-standard","hentry","category-economie-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/dzwatch.dz\/index.php?rest_route=\/wp\/v2\/posts\/61088","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dzwatch.dz\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dzwatch.dz\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dzwatch.dz\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dzwatch.dz\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=61088"}],"version-history":[{"count":0,"href":"https:\/\/dzwatch.dz\/index.php?rest_route=\/wp\/v2\/posts\/61088\/revisions"}],"wp:attachment":[{"href":"https:\/\/dzwatch.dz\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=61088"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dzwatch.dz\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=61088"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dzwatch.dz\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=61088"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}