The International Monetary Fund and World Bank on Tuesday said they were racing to provide billions of dollars of additional funding to Ukraine in coming weeks and months, adding the war there is creating "significant spillovers" to other countries.
IMF chief Kristalina Georgieva and World Bank President David Malpass said the war was driving commodity prices higher, which risked further fueling inflation, and disruptions in financial markets would continue to worsen should the conflict persist. Sanctions imposed by the United States, Europe and other allies would also have a significant economic impact.
