IMF members call for increased support for countries amid negative risks and war spillovers
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…
The International Monetary Fund's member countries have urged for increased support for nations facing short-term financing challenges due to negative spillovers from recent conflicts and high energy prices. In a statement at a meeting in Bangkok, the International Monetary and Financial Committee (IMFC) noted that economic risks are currently tilted towards the downside.
The statement, issued by Saudi Finance Minister Mohammed Al-Jadaan who chaired the IMFC, highlighted that escalating conflicts and trade tensions could disrupt critical trade routes, heighten commodity price pressures, and worsen energy and food security. Despite a walkout by some members, all IMFC members supported the chair's statement.
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