IEA, IMF and World Bank to coordinate response to Middle East impact
By Michele Maatouk
Date: Thursday 02 Apr 2026
LONDON (ShareCast) - (Sharecast News) - The International Energy Agency, International Monetary Fund and World Bank have agreed to form a coordination group to "maximise" their response to the energy and economic impacts of the Middle East conflict.
The three institutions said in a joint statement: "The Middle East war has caused major disruptions to lives and livelihoods in the region and triggered one of the largest supply shortages in global energy market history.
"The impact is substantial, global, and highly asymmetric, disproportionately affecting energy importers, in particular low-income countries. It is already transmitted through higher oil, gas and fertilizers prices, and is triggering concerns about food prices as well.
"Global supply chains - including of helium, phosphate, aluminium, and other commodities - are affected, as is tourism due to flight disruptions at key Gulf hubs. The resulting market volatility, weakening of currencies in emerging economies, and concerns about inflation expectations raise the prospect of tighter monetary stances and weaker growth."
The institutions said it was "paramount" that they join forces to monitor developments, align analysis, and coordinate support to policymakers to navigate the crisis.
They will form a group that will assess the severity of impacts across countries and regions through coordinated data sharing; coordinate a response mechanism; and mobilise relevant stakeholders, including other multilateral, regional, and bilateral partners.
"The group will work with, and draw on, other international organisations' expertise as needed," they said.
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