Eric LeCompte is quoted in Reuters on the attention shifts from IMF and World Bank discussions on economic policy due to conflict. Read an excerpt below and click here for the full story.
World Bank urges cooling of Israel-Gaza conflict as annual meetings start
By Andrea Shalal and David Lawder
MARRAKECH, Morocco, Oct 9 (Reuters) - The World Bank on Monday urged a "rapid de-escalation" of the fighting in Israel and Gaza as the violence cast a pall over the start of the bank's annual meetings with the International Monetary Fund in Morocco.
An internal World Bank memo seen by Reuters cited a "devastating loss of life, destruction and heavy toll on civilians being incurred on both sides," but voiced support for the lender's work in Gaza and the West Bank.
"We hope for a rapid de-escalation of the conflict and end to the violence. The World Bank and our development partners have long worked to support the poorest, most vulnerable people in the West Bank and Gaza, and we remain committed to building the foundations for a more stable and sustainable future."
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