Image caption, The managing director of the IMF, Kristalina Georgieva, has praised the UK's approach to debt reduction. Get your fiscal health in order, is a key message at the the International Monetary Fund's (IMF) annual meeting here in Thailand. The IMF is worried about the debts of the world's biggest economies. It is doing its job as a watchdog, looking for and warning about financial vulnerabilities. In the meantime, the finance ministers of former crisis countries are boasting about how little their borrowing costs have gone up, compared to the world's biggest economies, such as the US.

Kristalina Georgieva says online fraud could lead people to opt out of system and turn to'shoeboxes under their bed' The heads of the Bank of England and the International Monetary Fund have issued a stark warning that rising cyber-attacks risk undermining trust in the financial system. Speaking on a panel about online fraud at the IMF and World Bank meetings in Bangkok, the governor of the Bank of England, Andrew Bailey, pointed to alarming headlines about self-replicating AI agents hijacking personal devices, and the French supermarket hack that heated fridges up to 50C . "If you try to say what's at the heart of this debate about AI - for me, it's about trust in technology and it's about human control to achieve that trust in technology," he said. Pointing to the key importance of technology in underpinning today's financial system, he added: "If we don't have trust in money, we don't operate as a society." Echoing his concerns, the IMF's managing director, Kristalina Georgieva, said the toll of cyber-fraud was now so great that people could decide to opt out of the formal financial system altogether.

International Monetary Fund Managing Director Kristalina Georgieva speaks during the IMF/World Bank 2026 Annual Meetings in Bangkok on Monday. The head of the International Monetary Fund has warned of the disruptive threat from artificial intelligence to the labor market and taxation, urging policymakers to rethink education and act now to help society adapt. "It is a slow-moving tsunami, but tsunami none the less," Managing Director Kristalina Georgieva said Monday during her first appearance at the annual meetings of the IMF and World Bank in Bangkok. Speaking at a session on AI's impact on employment, she said the technology is already hollowing out demand for many human workers by taking over routine, repetitive tasks. At the same time, it is increasing low-paying jobs in sectors like construction, which she said is "not a story to celebrate."

Kristalina Georgieva, before the start of the IMF-World Bank annual meeting in Singapore, said economic policy chiefs could not keep delaying action. Kristalina Georgieva, before the start of the IMF-World Bank annual meeting in Singapore, said economic policy chiefs could not keep delaying action. Kristalina Georgieva says big economies will have to make'very touch choices' as soaring bond yields hit budgets The head of the International Monetary Fund has called on governments across big economies to tighten their belts as soaring bond yields hit budgets. Speaking in Singapore, the IMF's managing director, Kristalina Georgieva, said global debt-to-GDP ratios were at their highest level since the second world war and on course to hit 100% in the coming years. She said governments could not rely on rapid economic growth to lift the burden of debt - and instead would have to make "very tough political choices".

Georgieva said that AI would wipe out many roles traditionally taken up by younger workers. Georgieva said that AI would wipe out many roles traditionally taken up by younger workers. Young will suffer most when AI'tsunami' hits jobs, says head of IMF Artificial intelligence will be a "tsunami hitting the labour market", with young people worst affected, the head of the International Monetary Fund warned the World Economic Forum on Friday. Kristalina Georgieva told delegates in Davos that the IMF's own research suggested there would be a big transformation of demand for skills, as the technology becomes increasingly widespread. "We expect over the next years, in advanced economies, 60% of jobs to be affected by AI, either enhanced or eliminated or transformed - 40% globally," she said.

Javed is a senior editor at TIME, based in the London bureau. Javed is a senior editor at TIME, based in the London bureau. Leaders from Dow Chemical Company, EY, and NTT Data Inc. shared their perspectives on the impact of scaling up new technologies like AI during a TIME100 Talks panel discussion in Davos on Jan. 20. The panel took place on the sidelines of the World Economic Forum's annual meeting, which kicked off on Jan. 19 in Davos, drawing around 3,000 high-level participants from business, government, and beyond, in addition to many more observers, journalists, activists, and others. During the panel, titled "Innovation in a Multipolar Era," the participants discussed the benefits of integrating AI, and its potential in areas such as health care and education, as well as some of the challenges of integrating the technology at scale within businesses.