Bloomberg News reported, citing informed sources, that the International Monetary Fund is conducting in-depth studies to analyze the conditions of specific countries, with the aim of assessing the economies that may require additional financing if the conflict with Iran continues.
The report indicated that the Fund asked its branches in various countries to provide detailed analyzes covering multiple aspects, including the current account balance and potential financing needs. The report added that the evaluation focuses in particular on countries that already have existing financing programs with the Fund.
Bloomberg News quoted an International Monetary Fund spokesman as saying that Director General Kristalina Georgieva recently confirmed that in light of the turbulent global conditions, many countries are turning to the Fund to request support, and that the Fund is ready to provide the necessary assistance when needed.
The rising costs of commodities, including oil and natural gas, are putting enormous pressure on the world’s economies, increasing the likelihood of lower government revenues, as well as increased spending required to support citizens. The disruption of fertilizer supplies has also deteriorated the outlook for agricultural production.
The price of Brent crude rose to more than $104 a barrel in early trading on Thursday, after it was around $70 before the outbreak of war.
