Accra, April 15, – Three leading global institutions have announced coordinated interventions aimed at stabilising global energy markets and cushioning vulnerable economies from the spillover effects of the Middle East conflict.
The International Monetary Fund (IMF), World Bank Group (WBG) and International Energy Agency (IEA) said the joint response would combine policy guidance and financial support at both global and country levels to address rising energy insecurity.
In a statement issued in Washington after a high-level meeting, the institutions noted that the ongoing crisis had driven up prices of oil, gas and fertiliser, with significant implications for food security, inflation and employment in import-dependent economies.
They further observed that while some oil and gas producers were recording revenue pressures due to market disruptions, the broader global impact remained concentrated on developing and low-income countries.
“The situation remains highly uncertain, and shipping through the Strait of Hormuz has not fully normalised. Even after full resumption, it will take time for global supply chains to adjust and return to pre-conflict conditions,” the statement said.
The institutions said their teams were working closely at country level to provide tailored policy advice, while the IMF and World Bank were prepared to offer financial assistance where necessary.
They stressed that energy diversification remained critical in the long term, urging countries to accelerate investments in renewable energy, regional power interconnections and more resilient energy systems.
On food security, the World Bank said it was expanding financing for agricultural resilience programmes, while the IMF indicated it was advising governments on targeted subsidies and fiscal measures to support vulnerable households and stabilise fertiliser imports.
The institutions also highlighted job protection measures, including support for employment programmes aimed at cushioning workers affected in sectors such as tourism, transport and services.
They pledged continued coordination with national governments to design and implement responses that enhance energy stability, food security and economic recovery.
According to the statement, the collaboration will remain flexible and data-driven, allowing responses to be adjusted as global conditions evolve.
“We will continue to closely monitor the impact of the conflict on energy markets and the global economy, and coordinate our response with other international partners to support a resilient and inclusive recovery,” the institutions added.
GHBUSS
15 April 2026
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