Policymakers take on energy shock, rising debt at IMF-World Bank meetings
BANGKOK — Finance ministers and central bankers meet in Bangkok this week for the annual gatherings of the International Monetary Fund (IMF) and World Bank, with the global economy buffeted between the U.S.-Iran war's energy shock, rising debt pressures and the AI boom. The meetings run from Monday through Saturday in the Thai capital, and will see policymakers tackle some stark choices, with the…
Finance ministers and central bankers convened in Bangkok for the annual meetings of the International Monetary Fund (IMF) and World Bank this week, as the global economy faces multiple challenges, including the U.S.-Iran war, energy shock, rising debt pressures, and the AI boom. The IMF urged governments to curb spending while also addressing the needs of vulnerable citizens grappling with surging inflation and climate risks.
The week-long event included high-level closed-door sessions, public appearances, and policy announcements from top economic officials. On Tuesday, the IMF will release its global economic forecast, complemented by detailed regional assessments throughout the week, as policymakers strive to navigate the economic headwinds. IMF chief Kristalina Georgieva noted at an opening event that the global economy is experiencing a "dual shock," with a negative supply shock in energy and a positive demand shock from advancements in artificial intelligence.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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