Asian Development Bank addresses economic fallout resulting from conflict in West Asia.

The entities involved

• Asian Development Bank →

  regional development bank

  • The Asian Development Bank has lifted its growth outlook for developing Asia and maintained its forecast for China at 4.6%, noting energy costs from the Middle East conflict.Mon 15:15
  • The Philippines is seeking international financial support from the World Bank and Asian Development Bank for its budget needs.Mon 12:12
• West Asia →

  western region of Asia

  • A high-level review on pollution was held in Delhi after the West Asia situation caused a bitumen supply disruption, affecting operational bodies like the DJB and Metro Corporation.Mon 17:25
  • Financial institutions noted weak demand and revenue headwinds for Accenture due to West Asia conflict disruptions.Mon 15:16
• Middle East →

  geopolitical region encompassing Egypt and most of Western Asia, including Iran

  • A US Air Force base in Fairford, located near the Oxfordshire border, is being utilized due to actions in the Middle East.Mon 17:54
  • Authorities are investigating an incident at a base in Fairford, with possible links to Iran and Russia.Mon 17:54

Related events

• The Asian Development Bank is deploying financing to help the Philippines cope with the impacts of the ongoing war in the Middle East.Jun 22
• Conflict in West Asia is causing disruptions to global supply chains and trade cycles, leading to assessments of the economic impact.Jun 16
• The West Asia conflict is driving up operational costs for ICRA Limited.Aug 27
• The West Asia conflict is impacting supply chains and input costs for major Indian consumer goods companies, tracked by analysts.Sep 17
• Global conflicts in West Asia are currently posing a significant threat to global energy supplies.Jul 20