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IMF Members Call for Increased Support for Countries Amid Negative Risks and War Spillovers
IMF members also backed support for reforming countries with debt vulnerabilities, as officials warned that economic risks remain tilted to the downside.
- On October 17, members of the 191-member International Monetary Fund met in Bangkok, calling for increased support to countries facing short-term financing challenges caused by high energy prices and wars.
- Saudi Finance Minister Mohammed Al-Jadaan, chair of the International Monetary and Financial Committee , warned that 'escalating conflicts and trade tensions' disrupt critical trade routes and exacerbate commodity price pressures including refined energy products.
- The IMFC statement warned that 'rapid technological change' and 'advanced intelligence technologies' could 'amplify macro-financial vulnerabilities' alongside rising bond yields in major economies.
- Member economies agreed to support nations addressing debt vulnerabilities, with focus on low-income and conflict-affected states; several members provided assurances to the Poverty Reduction and Growth Trust.
- The final statement omitted any reference to artificial intelligence after the United States unsuccessfully pressed members to rename the technology 'super intelligence,' aligning with President Donald Trump's preferred terminology.
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15 Articles
Reformatorisch Dagblad+2 Reposted by 2 other sources
Member states of the International Monetary Fund (IMF) warn that the resilience of the global economy should not be taken for granted. This is stated in a declaration following the meeting in Bangkok.
·Apeldoorn, Netherlands (Kingdom of the)
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The effects of wars and high energy prices are causing difficulties for many countries.
·Helsinki, Finland
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Coverage Details
Total News Sources15
Leaning Left0Leaning Right4Center5Last UpdatedBias Distribution56% Center
Bias Distribution
- 56% of the sources are Center
56% Center
C 56%
R 44%
Factuality
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