World Bank reviews emergency aid for 40 countries

The World Bank group is studying a package of emergency aid ranging between $50 billion and $60 billion to be provided to twenty to forty countries to help them face the repercussions of the war in the Middle East, especially rising energy and basic goods prices. These aid measures are linked to meeting the needs of developing countries experiencing significant financial and economic pressures due to higher borrowing costs, climate challenges, and a heavy debt burden. It is expected that many of these countries will repay around $400 billion to their external creditors in 2026. This comes amid the bank's efforts to strengthen private financing and expand initiatives to ease debt burdens, with the goal of supporting affected economies and reducing reliance on traditional aid.

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