World Bank chief says Israel-Hamas war could deal serious blow to global economy

Ajay Banga, World Bank president, participates in global infrastructure and investment forum in New York, Thursday, Sept. 21, 2023. (AP Photo/Seth Wenig, Pool)
Ajay Banga, World Bank president, participates in global infrastructure and investment forum in New York, Thursday, Sept. 21, 2023. (AP Photo/Seth Wenig, Pool)

The war between Israel and Hamas could deal a “serious” blow to global economic development, the president of the World Bank tells an investor conference in Saudi Arabia.

“What just happened recently in Israel and Gaza — at the end of the day you put all this together, I think the impact on economic development is even more serious,” Ajay Banga says, adding: “I think we’re at a very dangerous juncture.”

Most Popular
If you’d like to comment, join
The Times of Israel Community.
Join The Times of Israel Community
Commenting is available for paying members of The Times of Israel Community only. Please join our Community to comment and enjoy other Community benefits.
Please use the following structure: example@domain.com
Confirm Mail
Thank you! Now check your email
You are now a member of The Times of Israel Community! We sent you an email with a login link to . Once you're set up, you can start enjoying Community benefits and commenting.