IMF members call for increased support for countries amid negative risks and war spillovers
- IMF members call for urgent support to countries facing financial challenges from wars and high energy prices, warning of worsening global economic risks
IMF member countries called for increased financial support to nations facing short-term challenges from wars and high energy prices, citing persistent downside economic risks.
- Increased support for countries facing financing challenges.
- Economic risks from escalating conflicts and trade tensions.
- Impact of wars and high energy prices.
BANGKOK: International Monetary Fund member countries called for increasing support to countries that are facing short-term financing challenges caused by negative spillovers from wars and high energy prices.
In a chair’s statement after meeting in Bangkok, the International Monetary and Financial Committee said that economic risks remain tilted to the downside.
“Escalating conflicts and trade tensions could further disrupt critical trade routes, exacerbate commodity price pressures, including in refined energy products, and worsen energy and food security,” said the statement issued by Saudi Finance Minister Mohammed Al-Jadaan, the IMFC chair.
IMFC chair Al-Jadaan says all members supported chair’s statement despite walkout
Comments