IMF managing director says war is ‘devastating’ Gaza population, economy

International Monetary Fund (IMF) Managing Director Kristalina Georgieva says the economies of Egypt, Lebanon, Jordan, and the West Bank were suffering due to the war between Israel and Hamas in Gaza following the terror group’s shock October 7 assault on Israel.

Georgieva tells Reuters on the sidelines of the Asia Pacific Economic Cooperation Summit that the conflict is also “devastating” Gaza and has “severe impacts” on the West Bank’s economy while also posing difficulties for neighboring countries amid a loss of tourism and higher energy costs.

She says the organization is “seriously considering” an increase to Egypt’s $3 billion loan program due to the economic difficulties posed by the war.

Never miss breaking news on Israel
Get notifications to stay updated
You're subscribed
Register for free
and continue reading
Registering also lets you comment on articles and helps us improve your experience. It takes just a few seconds.
Already registered? Enter your email to sign in.
Please use the following structure:
Or Continue with
By registering you agree to the terms and conditions. Once registered, you’ll receive our Daily Edition email for free.
Register to continue
Or Continue with
Log in to continue
Sign in or Register
Or Continue with
check your email
Check your email
We sent an email to you at .
It has a link that will sign you in.