World Bank Prepares Emergency Aid as Global Costs Rise
Business
October 11, 2026

World Bank Prepares Emergency Aid as Global Costs Rise

193 words · ~1 min read
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B1 Pre-Intermediate
0:001:13

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The World Bank is talking with 30 to 40 countries about giving them emergency money. Prices for energy and fertiliser are rising, and this puts a lot of pressure on poorer countries. The World Bank President, Ajay Banga, says these costs are higher mainly because of the conflict in the Middle East. This conflict has made oil and shipping more expensive, so fuel and fertiliser now cost more for everyone.

The main reason for the price increases is disruption from the Middle East conflict. When oil and shipping are affected, countries pay more for diesel fuel. Making and moving fertiliser also needs a lot of energy, so farmers have to pay higher prices. Many poor countries import most of their fuel and fertiliser, so these changes hurt them more than richer countries.

As a result, the World Bank has prepared $25 billion to help countries if the crisis gets worse. It may also give even more money if needed. The Bank wants to stop this energy crisis from causing higher food prices, business closures, and more poverty. The help could decide if families can afford food and if farmers can keep planting crops.

Vocabulary

6 words
Accent
emergencyN/ɪˈmɜːrdʒənsi/

an urgent need for quick financial help

pressureN/ˈpreʃ.ər/

a difficult situation causing stress or worry

conflictN/ˈkɒn.flɪkt/

a serious fight or war between groups

disruptionN/dɪsˈrʌpʃən/

problems stopping an event from continuing normally

povertyN/ˈpɒv.ə.ti/

the state of being extremely poor people

fertiliserN/ˈfɜːtəlaɪzər/

chemical substance used to help plants grow

Ready to learn these 6 words?

About 8 minutes · 5 activities

Reading Quizzes

9 questions
Question 1 of 9
1 / 9

Why are energy and fertiliser prices rising according to the article?

Choose an answer to continue

Great for IELTS, TOEFL, SAT, IB, A-Level and everyday English speaking practice.

Speaking Tasks

5 questions

World Bank Prepares Emergency Aid as Global Costs Rise

October 11, 2026~1 min read
Not sure? Take the level test →
B1 Pre-Intermediate
0:001:13

Follow spoken words in real time.

The World Bank is talking with 30 to 40 countries about giving them emergency money. Prices for energy and fertiliser are rising, and this puts a lot of pressure on poorer countries. The World Bank President, Ajay Banga, says these costs are higher mainly because of the conflict in the Middle East. This conflict has made oil and shipping more expensive, so fuel and fertiliser now cost more for everyone.

The main reason for the price increases is disruption from the Middle East conflict. When oil and shipping are affected, countries pay more for diesel fuel. Making and moving fertiliser also needs a lot of energy, so farmers have to pay higher prices. Many poor countries import most of their fuel and fertiliser, so these changes hurt them more than richer countries.

As a result, the World Bank has prepared $25 billion to help countries if the crisis gets worse. It may also give even more money if needed. The Bank wants to stop this energy crisis from causing higher food prices, business closures, and more poverty. The help could decide if families can afford food and if farmers can keep planting crops.

Vocabulary

6 words
Accent
emergencyN/ɪˈmɜːrdʒənsi/

an urgent need for quick financial help

pressureN/ˈpreʃ.ər/

a difficult situation causing stress or worry

conflictN/ˈkɒn.flɪkt/

a serious fight or war between groups

disruptionN/dɪsˈrʌpʃən/

problems stopping an event from continuing normally

povertyN/ˈpɒv.ə.ti/

the state of being extremely poor people

fertiliserN/ˈfɜːtəlaɪzər/

chemical substance used to help plants grow

Ready to learn these 6 words?

About 8 minutes · 5 activities

Reading Quizzes

9 questions
Question 1 of 9
1 / 9

Why are energy and fertiliser prices rising according to the article?

Choose an answer to continue

Great for IELTS, TOEFL, SAT, IB, A-Level and everyday English speaking practice.

Speaking Tasks

5 questions