Explore

Productivity gains from AI could help offset Asia's ageing population problem, IMF says

Productivity gains from AI could help offset Asia's ageing population problem, IMF says

By Rae Wee BANGKOK, Oct 12 (Reuters) - Artificial intelligence could help offset Asia's shrinking workforce as some countries' populations age, provided its adoption is scaled evenly across the region instead of deepening existing disparities, the International Monetary Fund said on Monday.

IMF cuts Latin America, Caribbean growth forecasts on energy shock, little AI boost

IMF cuts Latin America, Caribbean growth forecasts on energy shock, little AI boost

NEW YORK, Oct 12 (Reuters) - The International Monetary Fund trimmed its growth forecasts for Latin America and the Caribbean for this year and next and said most of the region was getting little lift from the artificial intelligence boom that has helped other economies absorb the energy shock from

IMF says AI investment keeps global growth around 3% but brings massive disruption

IMF says AI investment keeps global growth around 3% but brings massive disruption

By Andrea Shalal and Rae Wee BANGKOK, Oct 12 (Reuters) - Strong investment in AI infrastructure is keeping global growth at around 3% with major benefits for Asia, but also foreshadows a "slow-moving tsunami" that could massively disrupt labor markets, taxation and education, International Monetary

AI investment props up global growth, but war and debt threaten outlook, IMF says

AI investment props up global growth, but war and debt threaten outlook, IMF says

By David Lawder BANGKOK, Oct 13 (Reuters) - The global economy will still manage to top 3% real GDP growth this year as strong AI investment offsets the energy shock from the war in the Middle East, but downside risks are mounting and more countries are being left behind and vulnerable to rising

IMF says AI investment keeps global growth around 3%, with major Asia benefits

IMF says AI investment keeps global growth around 3%, with major Asia benefits

By Andrea Shalal and Rae Wee BANGKOK, Oct 12 (Reuters) - Strong investment in AI infrastructure is keeping global growth at around 3%, yielding major benefits for many Asian economies that supply the hardware, such as Thailand, International Monetary Fund Managing Director Kristalina Georgieva said

IMF says AI investment propping up global growth, but war and debt threaten outlook

IMF says AI investment propping up global growth, but war and debt threaten outlook

By David Lawder BANGKOK, Oct 13 (Reuters) - The global economy will still manage to top 3% real GDP growth this year as strong AI investment offsets the energy shock from the war in the Middle East, but downside risks are mounting and more countries are being left behind and vulnerable to rising

World Bank Engages Dozens of Nations on Crisis Aid Amid Global Economic Pressures

World Bank Engages Dozens of Nations on Crisis Aid Amid Global Economic Pressures

World Bank Engages Dozens of Nations on Crisis Aid Amid Global Economic Pressures

UK finance minister to call for big economies to get borrowing under control at IMF

UK finance minister to call for big economies to get borrowing under control at IMF

By David Milliken BANGKOK, Oct 12 (Reuters) - British finance minister John Healey will stress the importance of budget discipline and improving resilience to geopolitical shocks when he meets his foreign counterparts on his first trip to the International Monetary Fund's annual meetings this week.

Morning Bid: Diesel diplomacy

Morning Bid: Diesel diplomacy

By Mike Dolan Oct 12 (Reuters) - What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets Diesel dominated another weekend of noisy geopolitics, with confusion surrounding US moves to temporarily lift sanctions on Russian diesel exports and claims of an

World Bank Engages 30-40 Countries on Crisis Aid Amid Energy Shocks, Offers $100 Billion in Potential Financing

World Bank Engages 30-40 Countries on Crisis Aid Amid Energy Shocks, Offers $100 Billion in Potential Financing

The World Bank is currently in discussions with 30 to 40 countries regarding potential crisis aid to help them manage energy shocks and price increases. These economic pressures have been exacerbated by global events, including the war in the Middle East. World Bank President Ajay Banga stated that the institution is prepared to provide up to $100 billion in financing if the situation deteriorates further, a figure that surpasses the $70 billion disbursed during the pandemic. While the global economy has shown resilience, partly due to AI investments and adjustments in oil supply and demand, factors such as spikes in diesel and fertilizer prices, and the looming super El Niño weather effect, are adding to the challenges faced by developing nations. The World Bank has already initiated debt-for-development swaps for Angola and Côte d'Ivoire and provided a portfolio guarantee for Argentina, with more than a dozen similar projects in the pipeline. These initiatives aim to help countries replace higher-priced ...

World Bank in talks with dozens of countries about crisis aid, Banga says

World Bank in talks with dozens of countries about crisis aid, Banga says

By Andrea Shalal BANGKOK, Oct 11 (Reuters) - The World Bank is in discussions with 30 to 40 countries about potential crisis aid to help them manage energy shocks and price increases triggered by the war in the Middle East, its president, Ajay Banga, told Reuters in an interview.

Middle East war, high debt levels to dominate IMF-World Bank meetings in Bangkok

Middle East war, high debt levels to dominate IMF-World Bank meetings in Bangkok

By Andrea Shalal BANGKOK, Oct 11 (Reuters) - Finance officials from around the world will gather in Thailand this week under the shadow of a widening war in the Middle East, the biggest energy supply shock ever and rising interest rates that together pose daunting risks to already-sluggish global