Bangkok, October 17, 2026: International Monetary Fund managing director Kristalina Georgieva has urged policymakers and technology companies to develop safeguards for artificial intelligence, warning that unchecked risks could outweigh the benefits. Speaking during the IMF and World Bank annual meetings in Bangkok on Friday, she called for an ethical foundation and cooperation among governments, businesses and society.
Why the IMF is concerned
AI is attracting major investment in computing facilities, software and electricity infrastructure. Supporters expect gains in productivity, scientific research and business efficiency. But economists warn that benefits may arrive more slowly than investors expect, while job disruption and financial risks could emerge earlier. A rapid correction in AI-related investments could also affect asset prices and broader economic confidence.
Jobs and unequal access
The debate is not only about sophisticated models. Economies with weak digital infrastructure, unreliable electricity or limited access to skills training may struggle to benefit. Workers in repetitive professional tasks could face pressure even as new occupations emerge. Governments may need retraining programmes and social support to reduce the costs of transition.
Regulation without freezing innovation
Georgieva supported a combination of industry standards and public oversight. Technology firms can test models and identify risks, but voluntary commitments alone may not resolve concerns over safety, accountability or competition. International coordination matters because major AI systems and supply chains operate across borders.
War, debt and the outlook
The IMF has also highlighted risks from elevated public debt, conflict in the Middle East and a potential AI investment reversal. Its latest outlook projected global growth of 3.1% in 2026 and 3.4% in 2027, subject to substantial assumptions. Those forecasts are not guarantees and could change if energy prices or financial conditions worsen.
Readers can explore IMF World Economic Outlook reports and our corporate finance explainer for related context.
Sources: Reuters, October 16; Associated Press, October 16.
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