IMF, World Bank and IEA to Coordinate Efforts Around Iran War
Smoke billows from an oil warehouse in the Kani Qirzhala area on the outskirts of Erbil, the capital of Iraq's autonomous Kurdistan region, following a suspected drone strike, on April 1.
Source: AFP/Getty ImagesThe International Monetary Fund, the World Bank Group and the International Energy Agency said they’ll work together to respond to the economic fallout of the Iran war.
The organizations agreed to share data, coordinate policy advice, and mobilize relevant stakeholders to support countries in need, according to the joint statement issued Wednesday. They will also assess countries’ potential financing needs.