The conflict disrupted shipments of oil and natural gas transported by sea, pushing Brent crude prices above $100 a barrel.
Impact of war
IMF spokeswoman Julie Kozak told reporters: "The global financial institution has not received any formal requests for emergency funding, but it stands ready to help member countries.".
She noted that IMF officials are actively communicating with finance ministers and central bank governors in member countries, as well as with regional institutions.
She added: "The impact of the war will depend on its duration, intensity and scope, and the IMF will include the war in its updated global economic outlook, which will be released in mid-April during the IMF and World Bank Spring Meetings.".
She cited an IMF “general rule” that every 10% increase in energy prices, if sustained for about a year, would lead to a 40 basis point increase in global inflation and a 0.1% to 0.2% decrease in output.
It stated that central banks should monitor whether inflation exceeds energy prices, and whether inflation expectations are stable.
