(Digital Itlaah) Due to the economic effects of the ongoing tensions and war-like situation between Iran and the United States, 27 countries have approached the World Bank for financial assistance.
According to a British news agency, these countries are among the 101 nations that have some form of access to the World Bank’s emergency financial system.
The report did not disclose the names of the 27 countries, nor did it specify how much financial assistance they requested.
The World Bank declined to comment directly on the matter.
However, World Bank President Ajay Banga stated last month that the institution has the capacity to provide between $20 billion and $25 billion in financing to help countries cope with increasing global economic pressure.
Experts say the ongoing regional conflict and fluctuations in energy prices have increased economic pressure on many developing countries, forcing them to seek assistance from international financial institutions.
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