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MARRAKECH, Morocco - Global finance leaders' paralysis in addressing the fallout from the Hamas attack and Israel's response last week exposed deep geopolitical divisions hampering the International Monetary Fund and World Bank, even as they advanced new funding plans aimed at easing more-frequent economic shocks.
In private conversations at the meetings, the Israel-Gaza conflict's implications were front and center, from a new refugee crisis to trade impacts and the threat of fighting in Lebanon and the West Bank, participants from finance groups to non-profits told Reuters. These bodies were again unable to issue joint communiques, reflecting deepening geopolitical tensions, most recently over Russia's invasion of Ukraine, but also disputes between the United States and China, which have long sparred over communique language.
"You know, without peace, it's hard for people to get stability, growth, look after their children, get jobs," he said.
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