IMF Urges Swift Action on Inflation

The activities of the annual meetings of the International Monetary Fund and the World Bank held in Bangkok focused on the challenges facing the global economy, particularly the rising energy costs resulting from the Middle East war, which has led to increased inflation, and the pressures caused by growing fiscal deficits. Kristalina Georgieva warned that increased defense spending fuels inflation and puts pressure on central banks to raise interest rates, placing developing countries and their markets in a sensitive position tied to the rising revenues of advanced economies. She also emphasized the urgent need for governments to take immediate measures to control inflation and reduce public debt. The discussion also touched on the role of artificial intelligence in supporting economic growth and attracting investments, highlighting the importance of strengthening digital infrastructure and data protection—especially in Africa, which has raised its growth forecast to 4.3% in 2026 based on ongoing reforms. There was also a call to invest in artificial intelligence to create jobs and improve sectors such as education, agriculture, and small enterprises.

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