27 countries seek access to World Bank funds since Iran war

AI Summary

In response to the ongoing Iran war, 27 countries have initiated measures to access World Bank crisis funding, highlighting the conflict's far-reaching financial implications. The specific countries seeking these funds remain unnamed, reflecting the seriousness of the situation and the need for quick economic relief.

Twenty-seven countries have moved since the Iran war started to put in place crisis instruments that could quickly access funding from existing World Bank programmes, according to an internal document viewed by Reuters. The World Bank document did not name the ‌countries or the total amount of funds potentially being sought. The World Bank declined to comment. The document showed that three countries had approved new instruments since the Middle East conflict began on February 28, while the...