Global Food and Energy Stability at Risk Amid Middle East Conflict, Warn IMF, World Bank, and WFP

The leaders of the International Monetary Fund (IMF), World Bank Group (WBG), and World Food Programme (WFP) convened to address the far-reaching economic and food security consequences of the ongoing Middle East conflict. They emphasized in a joint statement:

The war in the Middle East is causing widespread disruption to lives and economies both within the region and globally. It has already resulted in one of the most significant shocks to international energy markets in recent memory. Rising costs for oil, gas, and fertilizers, combined with logistical challenges, are expected to drive up food prices and intensify food insecurity.

The most severe impact will be felt by vulnerable populations, especially in low-income countries that rely heavily on imports. Escalating fuel costs and sharp potential increases in food prices pose serious risks in nations where fiscal capacity is limited and debt levels are already high, limiting the ability of governments to protect at-risk households.

The IMF, WBG, and WFP will continue to monitor the situation closely and coordinate all available resources to assist those affected by the crisis.

Aligned with their respective missions and leveraging existing response frameworks, these institutions are committed to providing support that preserves lives and livelihoods while fostering a foundation for a resilient recovery characterized by stability, economic growth, and employment opportunities.