World Bank Able to Rush at Least $20 Billion in Post-War Support

The World Bank Group could mobilize $20 billion to $25 billion in rapid financing to countries grappling with the economic fallout of the war in Iran, according to the bank’s top official.

Ajay Banga, president of the World Bank, said such liquidity could be made available “very quickly” by utilizing the lender’s crisis preparedness and response toolkit. It allows access to up to 10% of undisbursed balances for approved projects in a country to be diverted for the purposes of crisis management.