Iran's Conflict Prompts 27 Nations' Funding
Since the outbreak of the war with Iran, 27 countries have begun implementing crisis mechanisms that allow them to quickly access funding from World Bank programs to address rising energy prices and supply chain disruptions affecting developing economies. New financing tools have been approved by three countries since the conflict began on February 28, while the remaining countries are still completing procedures, aiming to provide urgent liquidity to cope with the economic and food security repercussions.
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