World Bank urges rapid cooling of Israel-Gaza conflict as annual meetings start

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World Bank urges rapid cooling of Israel-Gaza conflict as annual meetings start
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A Local Culinary Adventure: inspired by Halifax's Seaport Market | SaltWire #cooking #cookingtipsMARRAKECH, Morocco - The World Bank on Monday told staff it was gravely concerned about the"shocking escalation" of violence in the Israeli-Palestinian conflict as the fighting cast a pall over the start of the bank's annual meetings with the International Monetary Fund in Morocco.

The Oct. 9-15 annual meetings in Marrakech are expected to focus heavily on increasing resources for both the IMF and the World Bank, but the attention of many government officials on the first day turned to the possibility of a wider conflict. World Bank chief economist Indermit Gill told Reuters that the conflict could add to a large catalogue of risks already facing the global economy, including fragmentation of trade, especially if it resurrects supply chain delays that sent prices higher during the COVID-19 pandemic.

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