Business · Economy · 1 hr ago
IMF chief warns AI is reshaping jobs and public finances
IMF chief Kristalina Georgieva warned that artificial intelligence is changing the job market.
She spoke in Bangkok at the first session of the IMF and World Bank annual meetings.
AI can take over routine, repetitive tasks, reducing employers’ need for workers to do them.
Georgieva also said the technology is adding low-paid jobs in sectors such as construction.
She said this shift is not something to celebrate and could have wide effects on public finances.
She said it is hard to know what work will look like in five years.
Georgieva urged people to assess the changes, learn from them and act on those lessons quickly.
IMF chief Kristalina Georgieva warned that artificial intelligence is reshaping jobs and could have wide-ranging effects on public finances.
Speaking at the IMF and World Bank annual meetings in Bangkok on Monday, she called the change “a slow-moving tsunami.”
She said AI is taking over routine, repetitive tasks and reducing demand for workers already in employment.
She also said the technology is increasing the number of low-paid jobs in sectors such as construction.
Georgieva urged people to assess the changes, learn from them and act on those lessons.
- Who
- IMF chief Kristalina Georgieva.
- What
- She warned that AI is changing employment and could have broad consequences for public finances.
- When
- Monday. The article was published on October 12, 2026.
- Where
- Bangkok, at the IMF and World Bank annual meetings.
- Why
- AI is taking over routine, repetitive tasks, reducing demand for workers already in employment, while also increasing low-paid jobs in sectors such as construction.
This story does not have two clearly opposing sides.
This is a slow-moving tsunami, but it is still a tsunami.
Today, we cannot imagine exactly what the world of work will look like five years from now. But we can be disciplined, carefully assess what is happening, learn from it and, most importantly, act immediately on those lessons.
This story does not have a timeline yet.
- Speaker
- Kristalina Georgieva
- Event
- IMF and World Bank annual meetings
- Location
- Bangkok
- AI effect on employment
- Takes over routine and repetitive tasks, reducing demand for workers already in employment
- Low-paid jobs
- Increasing in sectors such as construction
Sources
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