The war between Israel and Hamas is already affecting the economies of neighboring countries, the general director of the International Monetary Fund (IMF) said this Wednesday at an investor forum in Riyadh, Saudi Arabia.
“Let’s look at neighboring countries: Egypt, Lebanon, Jordan, where the impacts are already visible,” said Kristalina Georgieva.
Georgieva’s statement comes a day after top financial officials warned, at the opening of the investor forum in Riyadh, of a possible hit to the global economy caused by the war between Israel and Hamas.
“What we are seeing is more nervousness in an already anxious world. There are countries that depend on tourism and uncertainty is detrimental to tourist flows,” said the IMF general director.
Outlining the specific risks for the region, he stressed that “investors will be reluctant to go to these countries, that the cost of insurance – if you want to transport goods – will increase and that there are risks of an increase in the number of refugees in countries that They already host many of them.
More than six thousand delegates participate for three days at the Future Investment Initiative’s annual conference in Riyadh, including the heads of the world’s leading banks and companies, and the presidents of South Korea, Kenya and Rwanda.
Source: TSF
