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Christine Lagarde

IMF says Mideast conflicts wiped out gains of a generation

Conflicts in Middle Eastern countries such as Iraq, Libya, Syria, and Yemen have erased "development gains for a whole generation," including driving up already high levels of poverty and unemployment, the head of the International Monetary Fund said Friday.

The international community must be prepared to scale up long-term development aid in the region to rebuild infrastructure and institutions, IMF chief Christine Lagarde wrote in a blog accompanying a report by the fund on the economic cost of conflict in the Middle East.

More than $11 billion pledged by donor countries for Syria and the region through 2020, if indeed delivered, "would not be enough given...

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