The World Bank is holding talks with 30 to 40 countries for financial support, while emerging economies face pressure to raise energy prices, food and borrowing costs.
According to Reuters agency, World Bank President Ayay Banga has indicated on October 11th that the institution is considering ways to help countries that risk being hit by a new economic crisis.
Banga has explained that the conflict in the Middle East has affected international oil, diesel and chemical waste prices, increasing production and transport costs.
The World Bank had earlier provided a $25 billion fund for coping with crises. However, according to Reuters, the institution could expand support to up to $100 billion if the situation deteriorates.
Another concern is related to climate phenomenon El Niño, which can cause drought, floods and damage to agricultural production in the coming months.
Developing countries are also in the face of major financial obligations. The external debt due to be repaid during 2026 is estimated at some $400 billion, while a considerable portion of the payments are related to interest.
Experts warn that combining expensive energy, unfavourable climate conditions and debts may force governments to limit health, education and infrastructure spending.
The World Bank is also seeking to mobilise private investments and restructuring debts for the most affected countries.
Developments will be the focus of international discussions on financial stability and the prospect of the global economy.
