The heads of the International Monetary Fund and the World Bank announced on Tuesday that they were stepping up efforts to provide additional billion dollars in aid to Ukraine in the coming weeks, and warned of the risk of “significant spread” to other countries.
IMF Managing Director Kristalina Georgieva and World Bank President David Malpas said commodity prices were rising, threatening to fuel further inflation, and that financial turmoil could worsen if left unchecked.
They also expressed shock and sadness over the war, without naming Russia, which is a major shareholder in both international financial institutions.
Source: AMPE
Source: Capital
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