We closely monitor what is happening in the Middle East and the possible repercussions of events on the global economy, as confirmed by the Managing Director of the International Monetary Fund, Kristalina Georgieva, during a press conference held on Thursday in Marrakech, Morocco, as part of the annual meetings of the Fund and the World Bank.

She considered that "the war on Palestinian lands" is a new black cloud added to the prospects of the global economy, which has been exhausted by the successive shocks since the onset of the health pandemic.

These successive shocks since 2020 have resulted in weak growth rates and have caused the global economy to incur cumulative production losses estimated at $3.7 trillion, and the continuation of tight monetary policies and high interest rates for an extended period.

She indicated that the goal of the current meetings is to focus on and discuss how to combat global inflation and ways to protect financial stability in the world in light of the continued rise in interest rates and the cost of borrowing.