IMF, World Bank and WTO Urge Unity to Shield Economies from Middle East Conflict

In a joint statement, the International Monetary Fund, World Bank, International Energy Agency and World Trade Organisation called on nations to work together to ease the economic disruption caused by the Middle East conflict. The coordination group reviewed the impact on energy markets, trade and inflation, noting resilience in some economies but rising costs for fuel, fertiliser and food in vulnerable regions. They urged renewed diplomatic efforts to secure maritime routes like the Strait of Hormuz and recommended policies to support recovery, protect jobs, strengthen food and energy security, improve port infrastructure and build resilience against future shocks. The institutions reaffirmed their commitment to monitor developments closely and adapt their support to countries in need as the situation evolves.

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