The heads of major international financial institutions today pledged to coordinate their efforts to support Ukraine and its neighbors in response to the Russian invasion, while stressing that the war would have an impact on the world economy.
In a joint statement, the heads of the International Monetary Fund, the World Bank, the European Bank for Reconstruction and Development, and other development institutions said: “The world economy as a whole will feel the effects of the crisis – through a slower growth, trade disruptions and rising inflation – which will particularly hurt the poorest and most vulnerable. ”
“Rising prices for goods, such as food and energy, will lead to a further rise in inflation,” they note.
Source: ΑΠΕ-ΜΠΕ
Source: Capital
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