The IMF Studies Supporting Economies Affected by the Iran War

SadaNews Economy - Bloomberg reported, citing informed sources, that the International Monetary Fund is exploring ways to finance economies that may need support if the Iran war continues for a long time.

The agency quoted sources stating that "the IMF is developing scenarios for the unfolding of events in various countries, aiming to assess the economies that may require additional funding if the war with Iran drags on."

The sources clarified that the Fund's Strategy, Policy, and Analysis Department has tasked the relevant country departments with preparing assessments on the status of balance of payments and potential financing needs in light of rising commodity prices and supply chain disruptions.

The analysis focuses on countries that have existing programs with the Fund, which currently number around 50 countries, and there is also consideration of expanding existing programs or launching new ones as needed.

One of the Fund representatives indicated that "the number of countries requesting support is increasing amid conditions of uncertainty, and the IMF is prepared to meet these requests."

IMF Managing Director Kristalina Georgieva expressed particular concern about oil-importing countries, Pacific island nations, and poor countries with high debt levels.

Georgieva had previously warned of the risks of inflationary pressures arising from the situation in the Middle East, which could curb global economic growth.

It is noted that the total loans granted by the Fund amount to about 166 billion dollars, while the available resources are approximately one trillion dollars.