27 Countries Seek World Bank Crisis Funds Amid Global Economic Shocks
At least 27 countries have initiated processes to access emergency financing mechanisms under the World Bank in response to rising global economic disruptions, according to an internal document.
The document shows that the countries are relying on pre-arranged crisis funding instruments designed to enable quick access to existing World Bank resources during periods of financial stress. However, it did not disclose the identities of the countries involved or the total amount being requested.
It further indicates that three countries have already completed approval procedures for the facility since the onset of the current global crisis, while others are still working through the required stages for activation.
Among the countries reportedly seeking support are Kenya and Iraq, which have cited rising fuel prices and declining oil revenues as key pressures affecting their economies.
The World Bank estimates that its crisis response framework could release between $20 billion and $25 billion in immediate liquidity through existing instruments, with the potential to expand to about $60 billion over six months depending on portfolio adjustments.
Analysts say the development reflects a growing shift by developing countries toward World Bank emergency tools rather than International Monetary Fund programmes, which are often linked to stricter policy conditions.
The situation highlights increasing financial strain across multiple economies as global energy disruptions continue to affect supply chains and overall economic stability.
