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Dozens Of Nations Scramble For World Bank Financing Amid Iran War Global Shock
Dozens Of Nations Scramble For World Bank Financing Amid Iran War Global Shock
Via The Cradle
Twenty-seven countries have moved to activate emergency World Bank financing mechanisms since the US-Israeli war on Iran began in late February, Reuters reported Friday.
Three nations have already received approval for fast-tracked funding, while the other 24 are in the process of completing administrative procedures.
Kenya and Iraq have publicly confirmed they are seeking emergency World Bank assistance, with Nairobi facing surging domestic fuel prices and Baghdad grappling with severely diminished oil revenues due to disruptions in maritime exports.
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