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- Roundup : IMF , World Bank warn of mounting debt , divergent AI boom at Bangkok annual meetings
Speaking at the 2026 IMF and World Bank Annual Meetings in Bangkok, officials warned that rising sovereign debt, geopolitical conflict and technological disruption risk fragmenting the world economy, even as global growth holds at 3.1 percent, unchanged from the October 2025 projection. IMF Managing Director Kristalina Georgieva described a divergence between tech-led upgrades in the US, China, India and parts of Asia and sharp downgrades for economies hit by conflict and persistent inflation, urging central banks to stay restrictive and finance ministers to consolidate budgets. World Bank Group President Ajay Banga warned that 1.2 billion young people will reach working age over the coming decade, against projections of only 420 million new jobs. Thai Prime Minister Anutin Charnvirakul urged members to resist insular trade policies and to use regional groupings such as ASEAN to maintain cross-border economic ties.
- Bangkok Post - IMF / World Bank meetings leave developing countries with more questions than answers
IMF and World Bank meetings last week offered developing countries no new answers to the challenges posed by the Middle East war, the war in Ukraine, rising debt payments and a potential AI bubble. IMF chief Kristalina Georgieva said advanced economies were the worst offenders on budget imbalances, while average debt service payments in developing countries had more than doubled over a decade to 14% of government revenue. Experts said the institutions were poorly prepared for this new phase, and Georgieva warned people not to trust those claiming to have AI answers. The World Bank said developing-country growth had slowed to around 3.6% from 4.4%, and repeated shocks made outlooks worse than before. Floods in September caused almost $200 million in damage to Thailand's industrial sector, a reminder of the challenges facing developing economies.
- UAE concludes participation in IMF & World Bank Group annual meetings in Bangkok
The United Arab Emirates has concluded its participation in the 2026 Annual Meetings of the IMF and World Bank Group, held in Bangkok from 12 to 18 October, with a delegation led by Minister of State for Financial Affairs Mohamed bin Hadi Al Hussaini. The delegation took part in ministerial sessions, the G20 finance meeting and the IMFC plenary, met IMF Managing Director Kristalina Georgieva and World Bank Group President Ajay Banga, and held bilateral talks with several international financial institutions. The UAE stressed the need for broader strategic cooperation and modern financing tools to sustain development finance. Al Hussaini said sustained collective action is needed to safeguard global financial stability, energy security, supply chain stability and technological transformation.
- UAE concludes participation in IMF & World Bank Group annual meetings in Bangkok
The UAE concluded its participation in the 2026 Annual Meetings of the IMF and World Bank Group, held in Bangkok from 12 to 18 October, with a Ministry of Finance delegation led by Minister of State for Financial Affairs Mohamed bin Hadi Al Hussaini. The delegation attended ministerial sessions, including the G20 Finance Ministers and Central Bank Governors meeting, a MENAP meeting with IMF Managing Director Kristalina Georgieva, and a meeting of Arab governors with World Bank President Ajay Banga. Al Hussaini said the UAE aims to safeguard global financial stability, energy security, supply chain stability, and development financing. The UAE also hosted the 2026 UAE Banks Reception in Bangkok and held bilateral talks with counterparts from New Zealand, Switzerland, the Netherlands, and China, as well as the EBRD president.
- UAE concludes participation in IMF & World Bank Group annual meetings in Bangkok
Led by Minister of State for Financial Affairs Mohamed bin Hadi Al Hussaini, the UAE delegation has concluded its active participation in the 2026 IMF and World Bank Group Annual Meetings held in Bangkok, Thailand, from 12 to 18 October. Its schedule included the MENAP Ministers and Governors Meeting with IMF Managing Director Kristalina Georgieva, the G20 Finance Ministers and Central Bank Governors Meeting, the Annual Meetings Plenary and a meeting of Arab Governors with World Bank Group President Ajay Banga. The UAE also hosted the 2026 UAE Banks Reception and held bilateral talks with counterparts from New Zealand, Switzerland, the Netherlands and China, as well as the EBRD President. Al Hussaini said the UAE aims to broaden strategic cooperation and use modern financing mechanisms to sustain development finance and inclusive growth.
- UAE concludes participation in IMF & World Bank Group annual meetings in Bangkok
The UAE has concluded its active participation in the 2026 Annual Meetings of the IMF and World Bank Group, held in Bangkok from 12 to 18 October. The Ministry of Finance delegation, led by Minister of State for Financial Affairs Mohamed bin Hadi Al Hussaini, joined ministerial sessions, the G20 and IMFC meetings, and bilateral talks with international institutions, including the EBRD. Al Hussaini said the UAE aims to deepen multilateral cooperation and use modern financing tools to support development, stressing energy security, supply chain stability and easing geopolitical tensions. The delegation also hosted the 2026 UAE Banks Reception on the sidelines.
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