IMF-World Bank meetings focus on global risks and potential benefits of AI
Georgieva said safeguards are needed as IMF research found about 10% of jobs could be transformed or newly created by AI.
- On Friday in Bangkok, IMF Managing Director Kristalina Georgieva urged urgent implementation of AI guardrails, likening the technology to a Formula 1 race car that could run people over without proper barriers.
- Anthropic co-founder Jack Clark agreed that global policy frameworks are necessary, warning that superintelligence receives less regulatory oversight than children's toys, emphasizing the industry must act seriously.
- An IMF study found about 10% of jobs face transformation while repetitive tasks will vanish; Georgieva noted service sector roles often provide lower pay, creating worker challenges.
- Tiff Mackem, governor of the Bank of Canada, acknowledged aggregate AI benefits but warned that without support systems for displaced workers, society could face significant backlash.
- Dozens marched in Bangkok on Thursday and Friday protesting inequality, while Georgieva insisted companies cannot decide AI's future alone without ensuring equitable access to digital networks.
48 Articles
48 Articles
LIVE NOW: IMF, World Bank Leaders Address Global Economy at 2026 Annual Meetings Plenary
IMF Managing Director Kristalina Georgieva speaks during the Managing Director briefing on the Global Policy Agenda during the 2026 IMF-World Bank Group Annual Meetings at the Queen Sirikit National Convention Center (QSNCC) in Bangkok on Oct. 14, 2026. (Anthony Wallace/AFP)
IMF chief urges cooperation on AI and war risks, as US hails economic momentum
BANGKOK, Oct 16 : The head of the IMF on Friday appealed to global leaders to cooperate in the face of multiple economic risks, including rapid advances in AI and a prolonged war in the Middle East, as Washington hailed what it sees as US-led economic momentum.Their contrasting views echoed throughout this ye
Wars and trade disputes make the supply of energy and raw materials uncertain. How should countries protect their economies in these times of shock? ‘Resilience’ was the central theme during the International Monetary Fund meeting in Bangkok. Is globalization over?
The main international economic institutions have taken good note of the alarms about the security of artificial intelligence that have unfolded during the summer. The latest to demonstrate this was the managing director of the International Monetary Fund (IMF), Kristalina Georgieva. Speaking during the annual meetings of the monetary institution and the World Bank, which are being held this week in Bangkok, Georgieva called for regulation and s…
IMF-World Bank meetings focus on global risks and potential benefits o
International Monetary Fund (IMF) Managing Director Kristalina Georgieva speaks during the annual meetings of the International Monetary Fund and the World Bank Group in Bangkok, Thailand, Friday, Oct. 16, 2026. (AP Photo/Dhitaraht Dhanarahtsombat)
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