IMF chief slams' cowardice to make 'tough political choices' on AI, national debt: 'you have the tools, now have the wisdom'
Fortune 11
The IMF managing director Kristalina Georgieva urged countries to make faster debt and inequality cuts while managing risks from the AI boom ahead of the IMF-World Bank meetings. She pointed to a rise in the Asia-Pacific share of global economic activity to 43% from 25% in 1991. The policy focus shifts toward tighter public spending, higher borrowing costs, stronger AI regulation, and worker training to protect vulnerable groups.
