Business · Economy · 5 hrs ago
IMF chief warns AI could disrupt jobs and weaken tax revenues
IMF Managing Director Kristalina Georgieva warned on Oct.
12 that artificial intelligence could reshape jobs and government finances.
She spoke at the IMF and World Bank annual meetings in Bangkok.
AI is already taking over routine, repetitive tasks, reducing demand for some workers.
Young people seeking entry-level jobs in fields exposed to AI have also faced slower hiring.
Georgieva said a shift from wages towards income from capital could weaken tax revenues, while AI’s gains may increase inequality.
She urged policymakers to rethink education and act now to help people adapt, though she said it is hard to know what work will look like in five years.
The IMF estimates AI could add up to a percentage point to growth in advanced Asian economies, potentially offsetting the effects of ageing there.
IMF Managing Director Kristalina Georgieva warned that artificial intelligence could disrupt jobs and strain government tax revenues.
She said AI is taking over routine, repetitive tasks and reducing demand for many human workers.
Georgieva urged policymakers to rethink education and act now to help society adapt.
She said AI could also boost growth, with the IMF estimating it could add up to a percentage point to growth in advanced Asian economies.
- Who
- Kristalina Georgieva, managing director of the International Monetary Fund.
- What
- She warned that AI could disrupt jobs and strain government tax revenues.
- When
- Oct. 12, 2026.
- Where
- Bangkok, during the annual meetings of the IMF and World Bank.
- Why
- AI is taking over routine, repetitive tasks and shifting economic activity towards capital and away from labour, a traditional source of tax income.
This story does not have two clearly opposing sides.
It is a slow-moving tsunami, but tsunami nonetheless
We cannot today imagine what exactly the world of work will be five years from now
not a story to celebrate
This story does not have a timeline yet.
- Speaker
- Kristalina Georgieva
- Event date
- Oct. 12, 2026
- Event location
- Bangkok
- Potential growth boost
- Up to a percentage point in advanced Asian economies
- Affected tax source
- Labour is traditionally the main source of tax income
Sources
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