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IMF Warns of War Scarring

IMF Warns of War Scarring

The conflict has triggered a spike in oil and gas prices that is testing the resilience of a world with limited fiscal buffers.

Low-income energy importers are bearing the brunt of the crisis, facing severe fuel shortages and spiraling inflation.

Georgieva emphasized that the disruption to the Strait of Hormuz and damaged refining infrastructure will cause long-term harm to living standards.

The IMF is preparing emergency bailouts of up to $50 billion to support the most vulnerable nations battered by the war.