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IMF chief urges faster debt cuts as AI boom adds new global risks

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IMF Managing Director Kristalina Georgieva on Wednesday urged countries to move faster to cut debt and tackle rising inequality as the global economy faces pressure from the artificial intelligence boom, heavy borrowing and shocks from wars in the Middle East and Ukraine. She said governments now face difficult policy choices and must stop delaying action.Speaking in Singapore ahead of the autumn IMF-World Bank meetings in Bangkok next week, Georgieva said both advanced and poorer economies were under strain. She warned that while AI is driving investment and supporting growth, it is also adding new risks at a time when many…

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