IMF Chief Kristalina Georgieva addressed the World Governments Summit in Dubai, highlighting the dire economic outlook for the Palestinian territories due to the ongoing Gaza war. She stated that only a lasting peace and political resolution can improve the situation. Economic activity has dropped significantly, with an 80% decrease in the Gaza Strip and a 22% drop in the West Bank. The situation has been exacerbated by Israel's actions, including the withdrawal of work permits and withholding tax revenues from the Palestinian Authority. With over 28,000 lives lost and countless others affected by the ongoing violence, Georgieva urges for a peaceful solution to end the conflict.