The World Bank, IMF, and IEA have formed a coordination group to mitigate the effects of the West Asia war on emerging countries.
The group will provide targeted policy advice, assess financing needs, and offer financial support to cushion economic shocks.
India, a net importer of oil and gas, is particularly vulnerable to the war's impacts, with higher input costs and supply constraints posing risks to economic expansion.
As Brent crude prices surge, India has raised prices of household cooking gas, commercial LPG, and ATF, exacerbating inflationary pressures.
