IMF Managing Director Kristalina Georgieva has warned that the ongoing conflict in the Middle East will negatively impact the global economy, leading to slower growth and rising inflation.
Speaking to an international news agency, she said that without the conflict, global growth could have seen a slight improvement, but current trends now point toward higher prices and slower economic expansion.
Georgieva added that if the conflict prolongs, its impact on inflation and growth will become more severe.
She further revealed that the IMF has received requests for financial assistance from several countries, indicating increasing economic pressure worldwide.
The IMF chief also stated that the organization may expand some of its existing lending programs to better meet the needs of affected countries.
