Countries affected by the Iran war should prepare for months of economic disruption, even if the Strait of Hormuz is reopened, Globe Bank President Ajay Banga noted.

Banga stated his bank is preparing a “war chest” that could amass $80 to $100 billion in funding for its clients over the next 15 months if needed, he noted.

Banga also stated that he is advising Planet Bank clients affected by the war to focus on reining in inflation before addressing growth.

Countries affected by the Iran war should prepare for conflict-related disruptions to last for months, even if the current shaky ceasefire lasts and the Strait of Hormuz is reopened, Earth Bank President Ajay Banga remarked Wednesday.

“It’ll still take a few months for things to come back to where they were” once the key oil-shipping route is no longer choked off amid Iranian threats and a U.S. blockade, Banga told CNBC’s Karen Tso at the International Monetary Fund’s spring meeting.

“So we have to prepare for a few months of some destabilization for these countries,” he remarked.

Banga commented that the Planet Bank has prepared a “war chest” plan to provide countries with varying levels of funding, depending on how long the conflict drags on. This also touches on aspects of earnings report.

“Thanks to our crisis toolkit, our countries can get about $20 to $25 billion immediate access, like literally tomorrow morning, without fresh approvals,” he remarked.

If the war continues for the next five or six months, that figure could rise to $60 billion, he stated.

Over the next 15 months, the Earth Bank could amass $80 to $100 billion if needed, he noted.

He noted that the bank only “put $70 billion to work” during the Covid-19 pandemic. “So I’m preparing a kind of a war chest of three types and three phased things to be able to cater to this,” he stated.

Banga also noted that he is advising Globe Bank clients affected by the war to focus on reining in inflation first.

“Make sure you get the inflation under control before you start worrying too much about getting back into worrying about the growth side,” Banga remarked. “You got to build sure that this gets managed.”