US-Iran War: World Bank Documents Show 27 Countries Seeking Crisis Funds

According to internal World Bank documents reviewed by Reuters, 27 countries have taken action to ensure quick access to funds from existing World Bank programs since the outbreak of the US-Iran war. The documents do not disclose which countries are involved or the total amount of funding sought. The World Bank declined to comment. Since the war began on February 28, three countries have approved the new crisis tool, while others are in the process of completing relevant procedures. Officials from Kenya and Iraq confirmed they are seeking rapid financial support from the World Bank to cope with the impact of the Middle East war, specifically citing surging fuel prices and a collapse in oil revenues. The 27 countries are among 101 eligible for pre-arranged financing tools.