World Bank document shows 27 countries seeking to ensure access to crisis funds
A World Bank document reveals that 27 countries are seeking access to crisis funding in response to the ongoing Iran war. These nations are implementing crisis instruments to quickly tap into existing World Bank programs, with some already approved. The conflict has disrupted global supply chains and increased fuel prices, prompting countries like Kenya and Iraq to seek financial support.
- ▪Twenty-seven countries are working to establish crisis instruments for quick access to World Bank funding.
- ▪The war has disrupted global energy markets and affected supply chains, particularly for fertilizer shipments.
- ▪World Bank President Ajay Banga indicated that countries could access up to $100 billion in crisis funding over six months.
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World Bank document shows 27 countries seeking to ensure access to crisis fundsSign up now: Get ST's newsletters delivered to your inboxFILE PHOTO: The World Bank Group logo is displayed on a office wall at the International Finance Corporation in Karachi, Pakistan February 4, 2026. REUTERS/Akhtar Soomro/File PhotoPublished May 23, 2026, 08:40 AMUpdated May 23, 2026, 08:40 AMWASHINGTON, May 22 - Twenty-seven countries have moved since the Iran war started to put in place crisis instruments that could quickly access funding from existing World Bank programs, according to an internal document viewed by Reuters.The World Bank document did not name the countries or the total amount of funds potentially being sought.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at Straits Times — World.