Gate News message, April 15 — World Bank President Ajay Banga said today the institution may mobilize $80 billion to $100 billion over the next 15 months to support countries severely impacted by the Middle East conflict, exceeding the $70 billion provided during the COVID-19 pandemic.
The funds will include $20 billion to $25 billion through a crisis response window in the coming months, a mechanism allowing countries to access up to 10% of funds from already-approved projects in advance.
An additional $30 billion to $40 billion could be mobilized within approximately six months by repurposing existing projects.
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