IMF

Artificial intelligence could create more economic harm than opportunity if governments and technology companies fail to put adequate safeguards around its development and use, International Monetary Fund (IMF) Managing Director Kristalina Georgieva warned on Friday.

Director of the IMF’s African Department, Zeine Ould Zeidane, said Nigeria had made significant progress in reducing inflation following a period of elevated price pressures and high real interest rates.

Sub-Saharan Africa’s economy is projected to expand by 4.5 per cent in both 2026 and 2027, but rising inflation, tighter financing conditions and declining foreign aid could undermine the region’s growth prospects, according to the International Monetary Fund (IMF).

Emerging markets continue to outperform developed nations in driving world economic expansion, according to the International Monetary Fund’s (IMF) October Outlook figures released by data analytics firm StatiSense.

The International Monetary Fund (IMF) has warned Nigeria against reinstating blanket petrol subsidies amid mounting political pressure ahead of the elections, urging the Federal Government to prioritise targeted support for vulnerable households facing rising energy and transportation costs.

The extension, announced on Tuesday, will take effect after Aljadaan’s current three-year term ends on January 3, 2027. Aljadaan has accepted the extension, according to a statement issued by the committee.

Deniz Igan, Chief of the World Economic Studies Division in the IMF’s Research Department, gave the recommendation while responding to questions on Nigeria during the presentation of the World Economic Outlook at the ongoing IMF and World Bank Group Annual Meetings in Bangkok, Thailand.

The International Monetary Fund (IMF) has warned that the global economy’s resilience to successive shocks is approaching its limits, citing rising energy prices, mounting public debt, higher borrowing costs and vulnerabilities linked to the artificial intelligence (AI) boom.

The Intergovernmental Group of 24 (G24) has urged the International Monetary Fund (IMF) and the World Bank to make concessional financing more affordable for developing countries facing rising debt burdens and high borrowing costs.

Countries receiving little of the investment pouring into artificial intelligence still face the rising energy costs and financial pressures reshaping the global economy, International Monetary Fund (IMF) Managing Director Kristalina Georgieva warned on Wednesday.