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 convene in Bangkok for annual IMF and World Bank meetings amidst global economic challenges. The meetings, held from Monday to Saturday in Thailand's capital, address the impact of the U.S.-Iran war, soaring energy costs, rising debt, and the AI boom. The International Monetary Fund urges governments to curb spending, while vulnerable citizens grapple with surging inflation and climate risks.
Policymakers engage in high-level closed-door discussions, public events, and policy announcements throughout the week. The IMF is set to release its global economic forecast, along with regional outlooks, as officials strive to navigate the economic landscape. IMF chief Kristalina Georgieva emphasizes that the global economy is experiencing opposing forces: a negative shock from energy supply and a positive demand surge from AI.
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.
This story
This is one outlet's version. Read the fullest account.
