IMF-World Bank meetings focus on global risks and potential benefits of AI
Kristalina Georgieva said AI could threaten jobs and financial stability unless governments and companies set common-sense standards.
- 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.
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Leaders weigh 'huge benefit', risks of AI for global economy
Bangkok, Oct 17 (EFE).- The Director of the International Monetary Fund (IMF), Kristalina Georgieva, praised on Saturday in Bangkok the economic growth derived from artificial intelligence (AI) as she claimed "to manage its risks."In a press conference in the context of the annual meetings of the IMF and the World Bank, Georgieva highlighted [...] The entry The IMF praises economic growth by the AI, while claiming "to manage its risks" was first…
"It is recognized that the AI boom is the main source of support, but that there is also a risk because when you rely on a fundamental engine of growth it's like being on the hook," says the IMF director
IMF Sounds Alarm Over AI’s Threat to Government Tax Bases
The head of the International Monetary Fund has warned financial ministers that widespread AI adoption could erode tax bases across the world as incomes are squeezed by the technology. Kristalina Georgieva, the managing director of the IMF, said governments may be ill-prepared for a potential slump in tax revenue brought on by AI’s impact on the labour market. At the fund’s summit in Bangkok, Georgieva has issued a series of warnings on the imp…
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)
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