Saturday, November 18, 2023

IMF official says conflict ‘devastating’ Gaza’s population and economy

The International Monetary Fund’s Managing Director, Kristalina Georgieva, also says that the fund is “seriously considering” augmenting Egypt’s $3bn loan programme, due to the increased economic difficulties the country, which borders Gaza and Israel, is now facing.

Egypt announced the IMF deal in October, in a bid to rescue its struggling economy.

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