EBRD Chief Urges Targeted Support Amid Regional Conflict
EBRD President Odile Renaud-Basso warned that government support must be temporary and focused as emerging economies face tighter fiscal space and rising inflation. The bank plans to lower its growth outlook and deploy 5 billion euros to assist countries affected by the ongoing conflict in Iran.
EBRD President Odile Renaud-Basso urged emerging economies to limit government support to targeted, temporary measures as Middle East conflict costs and debt burdens rise. The warning precedes the lender's annual meeting beginning Friday in Riga under the shadow of a six-year crisis cycle. This fiscal discipline is critical as energy price spikes and fertilizer shortages threaten to drive inflation higher across 41 countries.
