IMF, IEA and World Bank form coordination group on Middle East crisis

RIYADH: A global coordination group has been set up by the International Monetary Fund, International Energy Agency and World Bank Group to respond to the economic and energy fallout from the conflict in the Middle East. In a joint press statement, the institutions said the war, now in its second month, has spread across the region, causing major disruptions to regional energy supplies and markets while heightening risks to the global economy.

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