World Bank may mobilise up to $25b in post-war Middle East support

The World Bank Group could ​mobilise $20 billion to $25 billion ‌in rapid financing to countries grappling with ​the economic ​fallout of the war in ⁠Iran, Bloomberg ​News reported on Thursday, ​citing World Bank President Ajay Banga.

If the conflict ​persists, the World ​Bank is trying to see ‌if ⁠it can get another $50 billion to $60 billion in capacity ​to ​help, ⁠Banga told Bloomberg Television.

Any ​World Bank support ​would ⁠add to that from the International ⁠Monetary ​Fund.