The French capital, Paris, witnessed intensive meetings of finance ministers and central bank governors of the Group of Seven (G7), with the participation of representatives from Arab and developing countries, to discuss the profound impacts of the ongoing conflicts in
the Middle East on the global economy. Explicit calls were directed to the International Monetary Fund and the World Bank to provide urgent and intensive support to the countries most affected by the current crises, warning of the consequences of
severe shortages in global supply chains, such as fertilizers. Attendees discussed the fluctuations in bond markets and the impact on energy markets due to the possibilities of closing strategic waterways. The meetings highlighted recent diplomatic efforts aimed at containing the
escalation and preventing a slide towards open military confrontations, while emphasizing the need to establish new economic partnerships to ensure regional and global stability.
