World lenders see 'extensive' economic fallout from Ukraine war
March 18, 2022 / 6:41 PM
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General view of the World Bank Group (WBG) building and the International Monetary Fund (IMF) building
Sharjah 24 – AFP: The International Monetary Fund, World Bank and other top world lenders on Friday warned of "extensive" economic fallout from the Ukraine war and expressed "horror" at the "devastating human catastrophe".
"The entire global economy will feel the effects of the crisis through slower growth, trade disruptions, and steeper inflation," read a joint statement from institutions including the European Bank for Reconstruction and Development.
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