27 nations seek World Bank crisis funds after Iran war
Twenty-seven nations seek World Bank crisis funds to manage fallout from the Iran war. Kenya and Iraq are among those requesting rapid financial support.
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Twenty-seven countries are seeking access to World Bank crisis instruments to tap up to $100B in emergency funding. The war in Iran started on February 28. The World Bank document did not name the countries involved. These tools provide liquidity to developing nations facing surging fuel costs and broken global supply chains.
An internal World Bank document shows 27 nations established crisis instruments to access existing programs. Three countries approved these tools since late February, while 24 others are finalizing the process.
