Naser Jafari
The bank reports that the EBRD has initiated a conflict response program to assist nations and clients impacted by the war in the Middle East, along with nearby countries experiencing the indirect effects of the crisis.
“Although the situation is still unstable and extremely uncertain, the economic and social effects of the conflict are already impacting numerous member countries of the bank via disruptions in trade routes, energy and commodity shocks, diminished investor confidence, and increased expenses for households. The extent of the effect will rely on how the situation evolves in the following weeks and months,” the bank noted.
The answer will concentrate on nations directly impacted by the conflict—Iraq, Jordan, and Lebanon—along with a set of nearby nations influenced by the conflict, such as Egypt, Turkey, Azerbaijan, and Armenia.
The EBRD is ready to assist all other countries in which it operates that are impacted by economic security issues and the ensuing macroeconomic effects.
source: reuters.com
“Although the situation is still unstable and extremely uncertain, the economic and social effects of the conflict are already impacting numerous member countries of the bank via disruptions in trade routes, energy and commodity shocks, diminished investor confidence, and increased expenses for households. The extent of the effect will rely on how the situation evolves in the following weeks and months,” the bank noted.
The answer will concentrate on nations directly impacted by the conflict—Iraq, Jordan, and Lebanon—along with a set of nearby nations influenced by the conflict, such as Egypt, Turkey, Azerbaijan, and Armenia.
The EBRD is ready to assist all other countries in which it operates that are impacted by economic security issues and the ensuing macroeconomic effects.
source: reuters.com