World Bank Plans $100 Billion Fund for War-Hit Countries

The World Bank could mobilize between $80 billion and $100 billion over the next 15 months to assist nations severely impacted by the ongoing conflict in the Middle East. This proposed financial package would surpass the $70 billion deployed by the institution during the COVID-19 pandemic. According to World Bank President Ajay Banga, the initial phase would involve $20 billion to $25 billion through a crisis response window, followed by an additional $30 billion to $40 billion generated by repurposing existing programs within the next six months.