IMF Members Call for Aid to Economies Facing War, Energy Shocks

International Monetary Fund members called for increased support for countries facing short-term financing strains from conflict spillovers and high energy prices, as officials in Bangkok warned that debt, inflation and rapid technological change could intensify economic risks. The call appeared in a statement issued after the International Monetary and Financial Committee met during the IMF and World Bank annual meetings. The committee encouraged assistance for countries with sustainable debt and strong reform and growth agendas that nevertheless face short-term financing challenges. It highlighted low-income and vulnerable middle-income countries, as well as conflict-affected states. The statement said several members had provided assurances of support for the IMF’s Poverty Reduction and Growth Trust, which provides support to poor and developing countries. It did not specify the amount of those assurances. The committee also warned that escalating conflicts and trade tensions could disrupt important trade routes, increase commodity-price pressures and worsen energy and food security. IMF Managing Director Kristalina Georgieva said the meetings reflected both resilience and...