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World Bank to provide financial aid to countries affected by Middle East war

The World Bank Group said on Thursday it will support client governments as they deal with challenges caused by the Middle East conflict, including increases in energy costs, by leveraging fast-disbursing policy financing instruments. The development lender said in a statement it was ready to respond at scale with immediate financial relief, policy expertise and private sector support to preserve jobs and growth in affected countries. "Our aim is to deliver immediate relief by leveraging our active portfolio, our crisis response toolkit, and pre-arranged financing facilities," the World Bank Group said. [...]