IMF, World Bank and Energy Agency join forces against the energy impacts of war.

The war in the Middle East and its negative energy impacts have led the World Bank, the International Monetary Fund (IMF), and the International Energy Agency (IEA) to issue a joint warning about the appropriate response to the crisis, according to a note from "UN News". In a statement, the three institutions agreed to form a coordination group to address the disruptions to life and livelihoods in the region. The conflict has triggered a supply shortage, considered one of the largest in history, in the global energy market. :: High food prices According to the three institutions, the impact is substantial, global, and highly asymmetrical, disproportionately affecting energy importers, particularly low-income countries. The warning emphasizes that oil, gas, and fertilizer prices are already higher, which is also generating concerns about food prices. The document highlights that global supply chains—including those for helium, phosphate, aluminum, and other commodities—are being affected, as is tourism due to flight disruptions in important Gulf hubs. Concerns about inflation expectations increase the prospect of tighter monetary policies and weaker growth. :: Indirect Impacts The World Bank, IMF, and IEA note that the effects are greater for countries most exposed to the indirect impacts of war and for those facing more limited policy space and higher levels of indebtedness. The group proposes assessing the severity of impacts on countries and regions through the coordinated sharing of data on energy markets and prices, trade flows, fiscal and balance of payments pressures, inflation trends, export restrictions on essential commodities, and supply chain disruptions. Secondly: coordinate a response mechanism that may include: targeted policy advice, assessment of potential financing needs and provision of related financial support, and use of risk mitigation tools as appropriate. :: Coordinated Support Finally, the three organizations pledge to mobilize relevant stakeholders, including other multilateral, regional, and bilateral partners, to provide coordinated and efficient support to countries in need. The proposal aims to safeguard global economic and financial stability, strengthen energy security, and support affected countries and populations on their path to sustained recovery, growth, and job creation through reforms. 

This text was translated by machine from Brazilian Portuguese.