The World Bank has been engaging with 30 to 40 countries for potential aid to manage energy shocks and price increases resulting from the Gulf War, as reported by Ajay Banga, President of the World Bank, during an interview with Reuters. 'There are pressures, and therefore perhaps more countries will need part of that first $50 billion to $60 billion,' added Banga, referring to the first $25 billion and the second $35 billion available for emergency financial assistance. 'We are waiting, but we are prepared. We are having conversations with a number of countries ranging from 30 to 40.' While globalization has shown relatively good resistance, in part due to large investments in AI and changes in supply and demand of oil resources, the world has not immediately requested the first $25 billion in financial assistance that the World Bank had proposed when the war began in February last year. However, the arrival of a peak in diesel and fertilizer prices, alongside other causes such as El Nino, has added challenges to some developed nations, which have experienced a sharp increase in energy prices and higher taxes due to post-Russian inflation. 'Developed countries have shown increasing interest in existing projects rather than immediate funding to address their liquidity needs.' If the situation worsens, the World Bank could offer up to $100 billion in funds, beyond the $70 billion already distributed during the pandemic, as reported by Banga. 'This is a record of $112 billion in private capital this year, against $69 billion the previous year, and more than double that amount from the previous year, before becoming President,' added Banga, emphasizing the need to utilize all available resources, especially those through the World Bank.

He also recalled that many developed countries have shown increasing interest in existing projects rather than immediate funding to address their liquidity needs if the situation worsened.