मिडिल-ईस्ट संकट के बीच IEA, IMF और वर्ल्ड बैंक की मीटिंग, जंग के आर्थिक असर पर चर्चा – IEA IMF WorldBank Group Meet Coordinate Response Middle East War Impact mdsb ntc
The heads of the International Energy Agency, the International Monetary Fund and the World Bank Group have met in Washington DC to discuss the economic and energy impacts of the Middle East war. This meeting was organized under the strategy of the coordination group formed in early April. Low-income energy importing countries have been most affected by this war. Rising prices of oil, gas and fertilizers have raised concerns about food security and job losses.
Other than this, middle east Some oil and gas producers have also suffered huge losses in export revenues.
Shipping through the Strait of Hormuz is yet to become normal, which is disrupting the global supply chain. It may take a long time for the supply of key commodities to return to normal.
Strait of Hormuz and supply constraints
Leaders have warned that even after shipping through the Strait of Hormuz resumes, fuel and fertilizer prices could remain high for a long time due to damage to infrastructure. Due to supply disruptions, there is a possibility of shortage of important inputs for energy, food and other industries. Along with displacing people, the war has also badly affected jobs, travel and tourism sectors, which will take time to recover.
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IEA’s monthly oil market report and IMF’s World Economic Outlook are going to be released on Tuesday, April 14. In the earlier meeting, the institutions have shared their latest assessments. IMF and world bank We are working together to provide financial assistance and policy advice to those countries most affected by this shock. They are also coordinating with other international organizations to help member countries.
The three institutions have pledged to continue closely monitoring the impact of the war on energy markets and the global economy. Their goal is to lay the foundation for a resilient recovery that can provide stability, growth and jobs. For this, the expertise and resources of the countries are being used, so that the member countries in this situation can be brought out of the crisis.
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(Input- Karishma Asudani)
