World Bank Negotiating Up to $100 Billion in Crisis Assistance with 30-40 Countries

The World Bank is actively negotiating with 30 to 40 countries to provide potential crisis assistance, with up to $100 billion ready to be mobilized. This initiative aims to help nations overcome the impacts of energy shocks and rising prices, largely stemming from the Middle East conflict. World Bank President Ajay Banga noted that while the global economy has shown resilience, particularly due to AI investments and oil market adjustments, the sharp increases in diesel and fertilizer prices, alongside a strong El Niño forecast, are intensifying challenges for developing countries.