Manager reported International Monetary Fund Kristalina Georgieva said that the war launched by Israel on the Gaza Strip would have a devastating impact on economic activity in the region in general, expressing her regret at the tragic loss of life.
She said today, Wednesday, at an investment conference in Riyadh, “What is happening in the Middle East is happening at a time when growth is slowing and interest rates and the cost of debt service are rising due to the Corona pandemic and the war.”
The international official warned that the war in Gaza negatively affects the economies of neighboring countries in the region. “If you look at the neighboring countries – Egypt, Lebanon and Jordan – the impact is already clear,” Georgieva told the Future Investment Initiative held in Riyadh.
The Palestinian resistance, led by the Al-Qassam Brigades, the military wing of the Islamic Resistance Movement (agitation) On the seventh of this month, scientific.”Al-Aqsa flood“In response to the ongoing violations against Palestinians, including the ongoing raids on Al-Aqsa Mosque, and the siege imposed on the Gaza Strip for more than 16 years. Israel responded with intense bombing of the Gaza Strip, which led to the death of 6,055 Palestinians, most of them children, in addition to wounding more than 16,000 others.
Georgieva’s statements came after leaders in the international banking sector warned that the war launched by Israel on the Gaza Strip could deal a strong blow to the global economy.
“What we’re seeing is more stress in an anxious world,” she said. “We have countries that depend on tourism, and uncertainty is fatal to the flow of tourists,” she added.
She continued, “Investors will feel hesitant to go to that place. The cost of insurance, if transporting goods, will rise. The risks of having more refugees in countries that already host many” will increase.
The annual Future Investment Initiative conference, also known as “Davos in the Desert,” is an opportunity for Saudi Arabia to highlight domestic economic reforms whose success Saudi officials say depends on the stability of the region.
Yesterday, Tuesday, he was the president of the World Bank Ajay Banga He has warned that “the world is in a more dangerous situation” as a result of the conflict in the Middle East.
He added – during the annual conference of the Future Investment Initiative – that geopolitical factors represent the greatest risk to the global economy at the present time, warning that these risks “tend to move” quickly, so their other counterparts should not be ignored.
