IMF Monitors Israel-Hezbollah Conflict Impact on Lebanon
The International Monetary Fund (IMF) expressed concern over the escalating Israel-Hezbollah conflict, which is intensifying Lebanon's human and infrastructure losses. The IMF noted it is premature to evaluate the conflict's economic ramifications but highlighted Lebanon's already delicate economic and social conditions.
Devdiscourse News Desk | Washington DC | Updated: 26-09-2024 03:54 IST | Created: 26-09-2024 03:54 IST
- Country:
- United States
The International Monetary Fund (IMF) has expressed serious concern over the escalating conflict between Israel and Hezbollah. The ongoing clashes are taking a heavy toll on Lebanon's human and infrastructure sectors.
In a statement to Reuters, an IMF spokesperson highlighted the gravity of the situation. 'We are monitoring with grave concern the escalation of conflict in the region,' the spokesperson said.
The conflict is worsening Lebanon's already fragile macroeconomic and social condition, and the IMF indicated it is too early to fully assess the economic impacts.
(With inputs from agencies.)
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