How Higher Oil Prices Impact Global Growth: Crisis Support from the World Bank Group

Oil prices don’t just affect fuel costs, they can slow the entire global economy. In this video, Ahmed Rostom, Egypt’s Minister of Planning and Economic Development explains how shocks such as rising oil prices can affect growth, why this matters for developing countries (including Egypt), and why the World Bank Group becomes even more important in times of crisis, from mobilizing resources quickly to providing technical expertise, analytical work, and operational/financial support. During uncertain times, strong technical expertise and fast resource mobilization can help countries sustain stability and maintain reform momentum. Learn more: ?cid=ECR_YT_Worldbank_EN_EXT 00:00 Oil price shocks and global growth risks 00:15 Why developing countries are hit hardest (Egypt example) 0:28 World Bank’s crisis role: rapid resource mobilization 00:34 Technical, analytical, and financial support 00:52 Helping countries navigate uncertainty #OilPrices #GlobalGrowth #DevelopingCountries #WorldBank #EconomicPolicy ABOUT THE WORLD BANK 🌐 The World Bank is one of the world’s largest sources of funding and knowledge for low-income countries. Its five institutions share a commitment to reducing poverty, increasing shared prosperity, and promoting sustainable development on a livable planet. http://www.worldbank.org