The World Bank Group has said several of its clients across emerging markets are already feeling the effects of the ongoing conflict in the Middle East, particularly through rising commodity prices and disruptions to global logistics.
In a statement, the global institution noted that governments and businesses have reached out as shipping route disruptions drive up costs and widen supply risks beyond energy to fertilizers and other critical agricultural inputs. It said it is working closely with governments, private sector players, regional partners, and other stakeholders to help manage the emerging challenges.
The Bank said it is closely monitoring global market developments and remains in direct contact with the most affected countries to assess conditions on the ground. It highlighted sharp price movements, noting that crude oil prices rose by nearly 40 percent between February and March, while liquefied natural gas shipments to Asia increased by almost two-thirds over the same period. Prices of nitrogen-based fertilizers also climbed by nearly 50 percent in March, adding pressure on food production and inflation.
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To cushion the impact, the World Bank Group said it is mobilising support at scale, combining immediate financial relief with policy guidance and private sector interventions aimed at preserving jobs and sustaining growth.
The institution said it plans to deploy a full range of instruments to support governments, firms, and households, leveraging its existing portfolio, crisis response tools, and pre-arranged financing facilities to deliver quick assistance. It added that support will gradually transition to fast-disbursing funding tied to sound economic policies to aid recovery.
Through its private sector arms, the Bank said it will provide businesses with liquidity support, trade finance, and working capital to help them navigate the disruptions.
While acknowledging the uncertainty surrounding the situation, the World Bank Group warned that prolonged conflict and further damage to critical infrastructure could deepen the challenges for affected economies. It, however, reaffirmed its commitment to helping countries protect recent economic gains and weather the crisis.
Hope Moses-Ashike
Hope Moses-Ashike is an Associate Editor, Banking and Finance, with more than a decade of experience reporting on Nigeria’s financial system and broader economy. She closely tracks market movements, monetary policy decisions, company disclosures, regulatory actions, economic indicators, and global developments, and interprets what they mean for businesses, investors, policymakers, and households. Her reporting helps readers understand complex issues such as inflation trends, foreign exchange market dynamics, interest rate decisions, bank performance, and investment risks. She also covers major international events and periodically travels to Washington, D.C., to report on the World Bank/IMF Spring and Annual Meetings. Her dedication to financial journalism has earned her multiple recognitions and invitations to high-level professional development programmes. She is an alumna of the International Visitors Leadership Programme (IVLP) in the United States and holds an Advanced Financial Journalism Certificate from the Press Association Training in London, UK. Her other notable achievements include completing the Lagos Business School CMC Programme, the Bloomberg Media Africa Initiative Programme, and a Master Class in Journalism at Rhodes University in South Africa.
