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HomeWorldWorld Bank could mobilize at least $20 billion in post-war support, Bloomberg...

World Bank could mobilize at least $20 billion in post-war support, Bloomberg news reports

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April 9 (Reuters) – The World Bank Group could mobilize $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.

(Reporting by Fabiola Arámburo in Mexico City; Editing by Chris Reese)

Disclaimer: This report is auto generated from the Reuters news service. ThePrint holds no responsibility for its content.

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