Joint Statement by the Heads of the International Energy Agency, International Monetary Fund, World Bank Group and World Trade Organization © 2026 The World Bank Group,

Joint Statement by the Heads of the International Energy Agency, International Monetary Fund, World Bank Group and World Trade Organization https://www.worldbank.org/en/news/statement/2026/05/29/joint-statement-by-the-heads-of-the-international-energy-agency-international-monetary-fund-world-bank-group-and-world-t Washington, May 29, 2026: The Heads of the International Energy Agency, International Monetary Fund, World Bank Group and World Trade Organization met on May 28 as part of the high-level coordination group established in April to maximize their institutions’ response to the energy, trade, and economic impacts of the war in the Middle East. Following the meeting, they issued the statement below: “The war in the Middle East is generating substantial and highly asymmetric impacts on energy supplies, food security, and economic activity across countries and regions. While the global economy continues to show resilience, the effects of the conflict are disproportionately affecting the most vulnerable countries through higher fuel and fertilizer prices, increased uncertainty, and risks to jobs and livelihoods. Higher fertilizer prices are of particular concern as many countries enter the planting season. © 2026 The World Bank Group,