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IMF Increases Funding By Year’s End… And Gaza War Increases Economic Uncertainty

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IMF Increases Funding By Year’s End… And Gaza War Increases Economic Uncertainty

Kristalina Georgieva, Director of the International Monetary Fund (Archive)

Saturday 14 October 2023 / 20:01

International Monetary Fund member countries agreed to “significantly increase” the fund’s lending resources by the end of the year, while IMF director Kristalina Georgieva warned that the conflict between Israel and Gaza was adding to global economic uncertainty.

At a press conference following a meeting of the International Monetary Fund’s steering committee, committee chair Nadia Calpinho did not reveal the conditions for increasing the financing stake, but she said the fund would stabilize. To maintain global financial stability.

The final wording of the report is still being negotiated, a source familiar with the talks said.

It is unclear whether the International Monetary and Financial Committee will back a broad U.S. plan to issue new funds at a ratio of existing holdings, delaying any gains for China and other large, fast-growing markets.

Spanish Economy Minister Calpeño, who chairs the fund’s steering committee, said there was consensus on “key issues”.

The Gaza war is on the discussion table

Georgieva told a press conference that the intensity of the conflict between Israel and Gaza was evident during last week’s International Monetary Fund and World Bank meetings, as the situation arose “necessarily” from attacks on “innocent civilians” in Israel. The civilians in Gaza must now find ways to prevent the loss of their lives.

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“I can say that people felt shock during our meetings,” Georgieva said, adding that “it is too early to assess the impact of the conflict on the world economy.”

“Certainly what we’re looking at, we acknowledge, is another source of uncertainty,” he said, adding that many things depend on its scope and duration.

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Presidential Candidates Vote on First Day of Voting in Presidential Election (VIDEO)

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Presidential Candidates Vote on First Day of Voting in Presidential Election (VIDEO)


Written by Mohammad Abdel Razek

Sunday, December 10, 2023 05:45 PM

Youm7 publishes a video of the four presidential candidates running for the 2024 presidential election voting in the election process on the first day of voting in the 2024 presidential election.

And bear witness Egyptian presidential election Four candidates contested: presidential candidate Abdel Fattah el-Sisi, Egyptian Social Democratic Party leader Farid Zahran, Waft Party leader Dr. Abdel-Sanat Yamama, and Republican Party leader Hazem Omar.


2024 Presidential Election This is the fifth multiparty presidential election the country has seen in its modern history. 2024 election Its added significance is that it is an important step on the state’s path towards democratic transition, party pluralism and political competitiveness, which came after a year and a half of intensive and unprecedented national dialogue, which included all Egyptian political, trade union and civil elements. Society.

The list of candidates contesting the presidential election includes: Presidential candidate Abdel Fattah el-Sisi Star symbol and presidential candidate Farid Zahran Leader of the Egyptian Democratic Party, symbol of the sun and presidential candidate Abdul Sind Yamama Waft Party leader, palm tree symbol and presidential candidate Hazem Umar Ladder symbol.

The 2024 presidential elections will be held in Egypt on December 10, 11 and 12 as per the schedule set by the National Electoral Commission, with voting taking place from 9 am to 9 pm. It was set to end on December 13. The sorting process will involve sending the entries to the public bodies and announcing the results on December 18.

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Military operations in Khan Yunis will continue for another 3 to 4 weeks

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Military operations in Khan Yunis will continue for another 3 to 4 weeks

Dozens of people were killed and wounded in an Israeli attack on the southern Gaza Strip.

Today (Sunday), the Israeli army tightens its grip on southern Gaza, while hundreds of thousands of Gaza residents try to escape the army’s violent battles against the Hamas movement.

On Sunday morning, Hamas announced in a statement that “occupation warplanes continued their most violent attacks in areas south of the city of Khan Yunis,” speaking of a “belt of fire with dozens of attacks targeting the road between Khan.” Younis and Rafa, as reported by the “Hamas Agency”, a French newspaper.

He added that this was “accompanied by intense Israeli artillery fire near the Gaza European Hospital in Khan Yunis, in the southern Gaza Strip.”

In turn, the Palestinian News Agency reported that 10 people were killed and dozens injured in a bombardment carried out by Israeli planes targeting a house in Khan Yunis early today (Sunday). He added that most of the dead were children, as reported by the Arab World News Agency.

Palestinian television reported on Sunday that 45 people had died since evening at Al-Aqsa Martyrs Hospital in the central Gaza Strip as a result of Israeli bombing.

The Palestinian News Agency reported that Israeli military aircraft carried out violent attacks on Deir al-Balah and the Nusirat, al-Maqasi and al-Jawaita camps in the central Gaza Strip, as well as the al-Tufa and al-Shujaya neighborhoods east of Gaza. The city and several areas in the northern Gaza Strip.

The Jordanian army said in a statement today (Sunday), citing an official military source from the Jordanian army’s general command, that there were no casualties or material damage due to the shelling of a Jordanian field hospital in southern Gaza. and continued Israeli bombardment of the Strip resulting in smoke bombs.

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He added: “The General Command of the Armed Forces confirms the continuation of the work of the medical teams in the Gaza Strip and their fulfillment of their humanitarian duty to the families and brothers in the area.”

The Palestinian News Agency reported late yesterday (Saturday) that an Israeli military artillery attack targeted a Jordanian field hospital in Khan Yunis, south of Gaza. But there were no casualties in the blast. He added that the cannon fired a shell at the hospital, causing damage and loss.

On Saturday, Israel confirmed its intention to “intensify pressure” in its attack on Hamas in Gaza, a day after the United States used its veto against a draft resolution calling for an “immediate ceasefire on humanitarian grounds” at the UN Security Council.

Israeli army chief Herzey Halevi called for “intensification of military pressure” on Hamas. For his part, Israeli National Security Adviser Tzachi Hanegbi announced on Israeli Channel 12 that “more than 7,000 terrorists” had been killed in Gaza.

At the start of its ground offensive, the Israeli army asked residents of the northern Gaza Strip to move south. But after fighting intensified in the south and the United States used its veto at the United Nations against a resolution proposing a ceasefire, public fears in the Gaza Strip grew. Especially in the south.

Most of the 1.9 million people displaced by the war have gone south to the Gaza Strip, turning Rafah, which borders Egypt, into a large refugee camp.

Death Penalty

In parallel, the United Nations Relief and Works Agency for Palestine Refugees in Southern Gaza (UNRWA)-affiliated shelters, amid overcrowding and poor sanitary conditions, have seen a significant increase in infectious diseases such as diarrhea, acute respiratory infections and skin infections. .

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UNICEF Regional Director for the Middle East, Adel Ghadr, said: “Nearly a million children have been forcibly displaced from their homes, further and further south, into small, overcrowded areas with no water, food or security.” He added: “Restrictions on the delivery of life-saving aid through the Gaza Strip are another death sentence for children.”

The death toll continues to rise, with the Hamas health ministry reporting that the bodies of at least 133 Palestinians have been transferred to hospitals in the past 24 hours.

The latest tally released by the ministry on Saturday evening put 17,700 people, most of them women and children, dead in the Strip since the war began.

The war erupted following an unprecedented attack by Hamas on Israel on October 7, which resulted in the deaths of 1,200 people, most of them civilians, according to Israeli officials. The movement took about 240 hostages, of whom 138 are still being held.

In response, Israel vowed to “destroy” Hamas, continued heavy bombardment of the Gaza Strip and began ground operations inside it since October 27.

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The President, his two deputies and the Rulers condole the Custodian of the Two Holy Mosques on the death of Dalal bin Abdulaziz.

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The President, his two deputies and the Rulers condole the Custodian of the Two Holy Mosques on the death of Dalal bin Abdulaziz.

The head of state, Sheikh Mohammed bin Zayed Al Nahyan, may God protect him, sent his condolences to his brother, the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud of the sister kingdom of Saudi Arabia. Arabia, in which he expressed his sincere condolences and sincere sympathy on the demise of Dalal bin Abdulaziz bin Bandar.

Two similar condolences to His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the United Arab Emirates and Ruler of Dubai, may God protect him, and Sheikh Mansour bin Saeed Al Nahyan, Vice President of the United Arab Emirates, Deputy Prime Minister, Chief Presidential Court, Custodian of the Two Holy Mosques sent cables.

Comfort

He also sent Sheikh Dr. Sultan Bin Muhammad Al Qasimi, Member of the Supreme Council, Ruler of Sharjah, His Highness Sheikh Humaid Bin Rashid Al Nuaimi, Member of the Supreme Council, Ruler of Ajman, His Highness Sheikh Hamad Bin Mohammed Al. Sharqi, Member of the Supreme Council, Ruler of Fujairah, and His Highness Sheikh Saud bin Rashid Al Mualla, Member of the Supreme Council, Ruler of Umm al-Quwain, and His Highness Council Member Sheikh Saud bin Saqr Al Qasimi, Ruler of Ras Al Khaimah, their brother, the Two Holy Mosques The Guardian sent condolence cables to King Salman bin Abdulaziz Al Saud of the sister kingdom of Saudi Arabia, who expressed their sincere condolences and sincere sympathy. Death of Talal bin Abdulaziz bin Bandar bin Abdulaziz Al Saud.

Sheikh Sultan bin Muhammad bin Sultan Al Qasimi, Crown Prince and Deputy Ruler of Sharjah, Sheikh Abdullah bin Salem bin Sultan Al Qasimi, Deputy Ruler of Sharjah, Sheikh Sultan bin Ahmed bin Sultan Al Qasimi, Deputy Ruler of Sharjah, and His Highness Sheikh Ammar bin Humaid Al Nuaimi, Crown Prince of Ajman. Prince, His Highness Sheikh Nasser bin Rashid Al Nuaimi, Deputy Ruler of Ajman, His Highness Sheikh Mohammed bin Hamad bin Mohammed Al Sharqi, Crown Prince of Fujairah. Crown Prince of Ras Al Khaimah Sheikh Mohammed bin Saud bin Saqr Al Qasimi, with condolences to Sheikh Rashid bin Saud bin Rashid Al Mulla, Crown Prince of Umm Al Quwain and Custodian of the Two Holy Mosques.

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