Fears of energy shock: Call from IMF, World Bank and IOC – «Let energy reserves flow to markets»
The IMF, the World Bank and the International Energy Agency have made a joint appeal to governments to avoid the accumulation of energy reserves and export restrictions, warning that the disturbance in the global energy market will deteriorate. The head of the IOC, Fatih Birol, stressed that the solution is the free movement of stocks. The IMF's Kristalina Georgieva highlighted the impact on the vulnerable countries of Asia, Africa and the Pacific. Ursula von der Leien announced that EU fossil fuel import costs increased by 22 billion euros in 44 days, while oil prices reached $100 a barrel.





