A World Bank document has withheld the names of the countries and the total funds they might seek. The organization has opted not to comment.
According to the document, since the onset of the Middle Eastern conflict on February 28, three countries have secured new financial tools, while the others are still in the process of finalizing their agreements.
The war and the ensuing disruption to global energy markets have severely impacted supply chains worldwide, hindering the crucial delivery of fertilizers to developing nations.
Officials from Kenya and Iraq have confirmed their requests for swift financial support from the World Bank to address war-related challenges, such as the spike in fuel prices affecting the African nation and the significant drop in oil revenues for Iraq.
These 27 countries are among 101 that have access to some form of pre-established financial tool intended for crisis situations, including 54 that are part of the Rapid Response Option, which allows them to use up to 10% of their undisbursed funds.
Financial Resources Available to Countries
In April, World Bank President Ajay Banga stated that the bank’s crisis toolkit would enable countries to tap into pre-arranged contingent financing, existing project balances, and quick-disbursement instruments to access an estimated $20 to $25 billion.
He mentioned that the bank could also redirect part of its portfolio to increase the total to $60 billion within six months, with potential long-term adjustments to bring the total to around $100 billion.
At that time, International Monetary Fund Chief Kristalina Georgieva anticipated that up to a dozen countries might request between $20 and $50 billion in short-term aid from the global lender.
However, according to three sources familiar with the situation, there have been few applications submitted.
Împotriva articolelor redacției noastre, persoanele nemulțumite pot formula Contestație în termen de 10 zile de la publicarea articolului, la judecătoria Orășenească nr. 1 München Bayern Deutschland, in conformitate cu Legea federală Germană. Considerăm că nu se pot formula acțiuni la instanțele din România deoarece nici o persoană care activează în trustul nostru nu poate fi extrasă de sub jurisdicția federală germană. Considerăm că redacția noastră nu răspunde în fața autorităților din România ci doar celor federale sau civile germane. deoarece legea română nu are efecte de extraneitate asupra redacției chiar dacă subiectul știrilor face obiectul unor evenimente sau persoane din România și sunt scrise în limba română. Limba română nu este izvor de extraneitate a legii.
