IMF chief urges countries to do more to curb debt and regulate AI

IMF Managing Director Kristalina Georgieva urged countries on Wednesday to act faster to curb rising debt, address worsening inequality, and manage the economic fallout from a “triple whammy” of factors. In remarks delivered in Singapore ahead of the IMF–World Bank autumn meetings, she pointed to pressures from the AI boom, increased borrowing, and shocks linked to wars in the Middle East and Ukraine. Georgieva warned that governments face “very tough political choices,” emphasizing that both rich and poor countries need to tighten policies to prevent further strain on their economies. The autumn meetings will take place next week in Bangkok.