March 26, (THEWILL) — The World Bank Group says it is stepping up engagement with emerging market economies as the ongoing conflict in the Middle East begins to disrupt commodity markets and global logistics.
In a statement, the institution noted that several client countries have already reached out as rising shipping costs and supply chain disruptions start to affect trade flows and input prices.
The Bank said it is working closely with governments, private sector operators, and regional partners to help economies navigate the unfolding challenges.
According to the lender, global market conditions have deteriorated rapidly.
Shipping route disruptions have pushed up logistics costs, while supply risks are spreading beyond energy markets into fertilizers and other critical agricultural inputs.
Data monitored by the Bank shows that crude oil prices rose by nearly 40 percent between February and March, while liquefied natural gas shipments to Asia increased by almost two-thirds during the same period.
Prices of nitrogen-based fertilizers also climbed by nearly 50 percent in March, raising concerns about potential spillovers into global food production and inflation.
The World Bank said it is preparing a broad support package to help affected countries manage the crisis.
This includes immediate financial assistance, policy advisory support, and liquidity for businesses through its private sector arms.
The institution added that it will deploy crisis response tools, existing financing facilities, and trade finance programmes to support governments, firms, and households, while gradually transitioning to faster-disbursing financing instruments aimed at sustaining economic recovery.
While noting that the situation remains fluid, the Bank warned that prolonged disruptions or damage to critical infrastructure could deepen the economic impact on vulnerable economies.
Nevertheless, the organisation said it remains committed to helping countries protect recent economic gains and sustain growth despite the evolving crisis.
Ogochukwu Onwaeze is a writer specializing in business and economic journalism. At THEWILL News Media, she translates market trends, financial developments, and policy shifts into clear and engaging stories.
