World Bank President Ajay Banga Discusses Iran Conflict Impacts and Funding Plans at IMF Spring Meeting

# World Bank President Ajay Banga Addresses Iran War Disruptions at IMF Spring Meeting World Bank President Ajay Banga spoke at the International Monetary Fund's spring meeting on the impacts of the Iran war. He told CNBC's Karen Tso that disruptions from the war would last for months even if the ceasefire lasts and the Strait of Hormuz is reopened. U.S.

blockade. Banga said countries affected by the Iran war should prepare for a few months of destabilization. There is a shaky ceasefire in the Iran war. CNBC reported these statements from Banga during his discussion.

World Bank Prepares Funding Plan for Conflict Duration The World Bank has prepared a war chest plan to provide countries with varying levels of funding depending on the duration of the conflict.

Banga said countries can get about $20 to $25 billion in immediate access through the World Bank's crisis toolkit without new approvals, available literally tomorrow morning. He stated that if the war continues for the next five or six months, the funding figure could rise to $60 billion. Banga said that over the next 15 months, the World Bank could amass $80 to $100 billion if needed.

The World Bank put $70 billion to work during the Covid-19 pandemic. Banga said he is preparing a war chest of three types and three phased things to cater to the situation.

Advice for Affected Countries Banga is advising World Bank clients affected by the war to focus on reining in inflation first.

This guidance comes as the shaky ceasefire holds amid ongoing threats related to the Strait of Hormuz. CNBC reported Banga's comments on the preparation and advisory measures. The funding levels are structured to respond to short-term and extended conflict scenarios, with immediate access designed for rapid deployment.

Banga's statements emphasize the phased approach to support economic stability in impacted regions.