IMF Chief Warns: Israel-Hamas Conflict Damages Economies Across the Middle East

The ongoing Israel-Hamas conflict in Gaza is harming the economies of Egypt, Lebanon, Jordan, and the West Bank, as stated by IMF’s Kristalina Georgieva. The violence is also impacting the gas sector and worsening the region’s difficulties in managing terrorism and rising energy prices. The IMF is closely monitoring Egypt’s $3 billion loan arrangement, which is affected by the conflict.