GLOBAL finance leaders’ paralysis in coming to grips with the fallout from the Hamas attack and Israel’s response last week exposed deep geopolitical divisions hampering the International Monetary Fund (IMF) and World Bank, even as they advanced new funding plans aimed at easing more-frequent economic shocks.
Hamas launched its unprecedented attack on Israel on Oct 7, just as top finance officials arrived in Morocco for the IMF and World Bank annual meetings, upending the gathering’s carefully crafted script calling for new resources and steps to revive flagging global growth.
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