World Bank Engages 40 Nations on Iran Conflict Fallout, Mobilizes Billions
According to the International Desk of Webangah News Agency, Ajay Banga, the President of the World Bank, stated on Sunday that the institution has committed $25 billion in initial financing to address the crisis. He added that an additional $35 billion could be mobilized by reallocating funds from approved projects.
Banga warned that rising prices for diesel fuel and chemical fertilizers could compel more countries to seek financial assistance in the coming months. He indicated that if the crisis intensifies, the World Bank could increase its deployable resources to $100 billion, surpassing the approximately $70 billion in aid provided during the COVID-19 pandemic.
The World Bank President also noted that developing nations are facing increased borrowing costs and mounting debt pressures, with their total obligations to external lenders projected to reach around $400 billion in 2026.
Last month, the World Bank reported attracting $112 billion in private capital during the fiscal year ending June 2026 and investing $123 billion of its own resources, bringing the institution’s total financing to $235 billion.
The aggression by the United States and the Zionist regime against Iran, which commenced on February 28, 2026, has led to disruptions in shipping traffic through the Strait of Hormuz and an increase in energy and industrial commodity prices across various nations.
