IMF and World Bank meetings show limits in managing global shocks amid U.S.-Iran conflict

IMF and World Bank meetings show limits in managing global shocks amid U.S.-Iran conflict

Washington: Global finance leaders, buffeted by constant news from the U.S.-Iran conflict, confronted this past week their limited ability to mitigate the economic damage caused by increasingly frequent geopolitical shocks. They also acknowledged that reliance on US leadership to resolve crises is no longer the certainty it once was.At the International Monetary Fund and World Bank Spring Meetings in Washington, participants swung between gloom …