The raging war between Israel and Hamas is already battering the economies of nearby countries, the managing director of the International Monetary Fund told a Saudi investor forum on Wednesday.
"You look at the neighbouring countries -– Egypt, Lebanon, Jordan –- there the channels of impact are already visible," Kristalina Georgieva said at the Future Investment Initiative in the Saudi capital Riyadh.Israel has responded with withering air strikes and a near-total land, sea and air blockade of Gaza, where the Hamas-run health ministry says 5,791 people have been killed in the war so far.
"Investors are going to be shy to go to that place. Cost of insurance -- if you want to move goods, they go up. Risks of even more refugees in countries that are already accepting more."
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