In response to the economic challenges stemming from the recent Israel-Hamas conflict, the International Monetary Fund (IMF) is reportedly “seriously considering” an increase in Egypt’s loan program, currently standing at three billion dollars.
IMF Managing Director, Kristalina Georgieva, emphasized the severity of the conflict’s economic repercussions, stating that it is “destroying” Gaza’s population and economy, with “serious effects” on the West Bank’s economy.
The conflict also poses difficulties for neighboring countries such as Egypt, Lebanon, and Jordan, impacting tourism revenues and raising energy costs.