Kristalina Georgieva, managing director of the International Monetary Fund, at a press conference at the IMF Headquarters on April 14, 2023.
Georgieva said that the economic fallout from the war, now in its third week, would be "terrible" for the sides involved, as well as have significant repercussions for the region.
The head of the International Monetary Fund on Wednesday dubbed the worsening Israel-Hamas conflict as another cloud on the horizon of an already gloomy economic outlook.
"It is terrible in terms of economic prospects for the epicenter for the war," she said.
Dubbed "Davos in the desert," the event typically focuses on economic and investment prospects around the Middle East region.
Persons:
Kristalina Georgieva, Georgieva, CNBC's Dan Murphy, Jordan
Organizations:
International Monetary Fund, IMF, Future Investment Initiative Institute, Palestinian, Israel
Locations:
Riyadh, Israel, Egypt, Lebanon, Davos, East, Gaza, Saudi Arabia