International Monetary Fund Managing Director Kristalina Georgieva told Reuters the Fund was "seriously considering" a possible augmentation of Egypt's $3 billion loan program.
Kristalina Georgieva © Mena Today
International Monetary Fund Managing Director Kristalina Georgieva told Reuters the Fund was "seriously considering" a possible augmentation of Egypt's $3 billion loan program due to economic difficulties posed by the Israel-Hamas war.
Georgieva told Reuters in an interview on the sidelines of the Asia Pacific Economic Cooperation Summit that the conflict is "devastating" Gaza's population and economy and has "severe impacts" on the West Bank's economy and is also posing difficulties for neighboring countries Egypt, Lebanon and Jordan through the loss of tourism and higher energy costs.
Egypt's President Abdel Fattah al-Sisi said he valued an offer by U.S. President Donald Trump to mediate a dispute over Nile River waters between Egypt and Ethiopia.
Four Arab states conducted intense diplomacy with the United States and Iran this week to prevent a threatened U.S. attack on Iran over Tehran's use of force against protesters that they feared would have impacts across the region, a Gulf official said.
Major shipping companies are devising strategies for a return to the Suez Canal after more than two years of disruptions due to security risks in the Red Sea.
To make this website run properly and to improve your experience, we use cookies. For more detailed information, please check our Cookie Policy.
Necessary cookies enable core functionality. The website cannot function properly without these cookies, and can only be disabled by changing your browser preferences.