00:00The World Bank Group says it is ready to support countries affected by the Middle East conflict
00:05by providing financial assistance to stabilize their economies.
00:09The organization plans to deliver large-scale support through immediate funding,
00:14policy guidance and targeted assistance for businesses to protect jobs and maintain economic stability.
00:22In the short term, it will rely on existing financial resources and emergency tools
00:27to deliver fast relief to countries facing immediate economic pressure.
00:32Over time, this support will transition towards funding linked to strong government policies,
00:37helping countries rebuild their economies in a more sustainable and resilient way.
00:42Its private sector arms will also assist businesses by providing liquidity, trade finance and working capital
00:48so they can continue operating during periods of disruption.
00:52The World Bank noted that similar financial measures were used during the COVID-19 pandemic
00:57helping many developing economies manage severe economic shocks.
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