The International Monetary Fund, together with the International Energy Agency and the World Bank Group, issued a joint statement announcing a new coordination group intended to align analysis and support to policymakers responding to the energy and economic impacts of the war in the Middle East, with particular focus on countries most exposed to the downstream effects and with limited policy space and higher debt. The group will assess cross-country and regional impacts through coordinated data sharing covering energy markets and prices, trade flows, fiscal and balance of payments pressures, inflation trends, export restrictions of key commodities, and supply chain disruptions. It will also coordinate a response mechanism that may include targeted policy advice, assessment of financing needs and related financial support including concessional financing, and use of risk mitigation tools, while mobilizing other multilateral, regional, and bilateral partners and drawing on additional international organizations’ expertise as needed.