Thailand & World Bank Group

Thailand: Thailand, a net energy importer, anticipates elevated energy prices due to the conflict but sees it as an opportunity to reduce reliance on fossil fuels and boost renewable energy.

World Bank Group: The World Bank Group acknowledged its limited ability to mitigate economic damage from geopolitical shocks, pledged financing assistance, and warned of a worsening global economic outlook due to the conflict.

Thailand: Thailand's cabinet approved an emergency decree to borrow funds to cushion the impact of the global energy crisis and accelerate its transition to clean energy.

World Bank Group: The World Bank Group has projected a significant surge in commodity prices, including energy and fertilizers, due to the Middle East war, warning of serious implications for job creation and development, especially for developing economies.