2023-11-18 03:23:01
Washington: The IMF indicated that Israel’s occupation of Gaza will have serious economic consequences. The agency is giving an indication that the crisis will worsen in Palestine and Israel in addition to their neighboring countries. Kristalina Georgieva, Director of the IMF, said that in the new situation, increasing aid to Egypt is being seriously considered.
The IMF Director’s remark is that he is considering increasing the financing of 3 billion dollars granted to Egypt. In the context of Israel’s occupation of Gaza, the IMF estimates that the crisis will intensify in Egypt, which shares a border with Palestine. It is in this context that the agency is seriously considering increasing assistance.
Egypt announced the loan deal with the IMF in October. Israel’s occupation would have major consequences for the economy of the West Bank. It will seriously affect the tourism industry. Invasion may also cause energy costs to rise. Countries like Lebanon and Jordan will also suffer the consequences of Israel’s occupation, the IMF director said.
The report also came out the other day that Israel is about to reduce the number of reserve soldiers in Gaza due to heavy financial burden. The Israeli Broadcasting Corporation reported that the country is facing a severe economic crisis due to the war with Hamas.
Israel had initially announced that it would deploy 3,60,000 soldiers. About 200,000 soldiers are now in Gaza. 1.3 billion dollars in salary for reserve soldiers alone. According to the report, the plan is to keep only enough troops and send the rest back. Israeli Prime Minister Benjamin Netanyahu had earlier announced that the war would last for a long time.
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