IMF, the World Bank, and IEA will coordinate actions to address the Iran crisis

Golden Finance reports that on April 2, the International Monetary Fund, the World Bank, and the International Energy Agency (IEA) said they would work together to address the economic impact of the Iran war. According to a joint statement released on Wednesday, these organizations agreed to share data, coordinate policy recommendations, and mobilize relevant stakeholders to provide support for countries in need. They will also assess countries’ potential funding needs. The impact is massive, global, and highly asymmetrical, especially hitting energy-importing countries (particularly low-income countries) disproportionately.