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IMF and World Bank Officials Warn AI Advances Threaten Financial Stability, Demand Urgent Action

Finance officials at the IMF and World Bank spring meetings warned that rapid advances in artificial intelligence are outpacing the global financial system’s ability to manage cyber threats, creating risks to stability that require urgent coordination. IMF Managing Director Kristalina Georgieva stated before the meetings opened that the international monetary system is not prepared for…

IMF and World Bank Officials Warn AI Advances Threaten Financial Stability, Demand Urgent Action

Finance officials at the IMF and World Bank spring meetings warned that rapid advances in artificial intelligence are outpacing the global financial system’s ability to manage cyber threats, creating risks to stability that require urgent coordination.

IMF Managing Director Kristalina Georgieva stated before the meetings opened that the international monetary system is not prepared for AI’s escalating risks and called for greater attention to necessary guardrails to protect financial stability.

IMF Financial Counsellor Tobias Adrian urged governments and regulators to stay at the frontier of AI threats, emphasizing the need for proactive policy frameworks and operational readiness to respond to real-time attacks on payment systems.

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