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Federal Reserve Chairman Kevin Warsh stated that while the development of artificial intelligence will be 'very bumpy,' it will ultimately make economies more productive and wealthier. He spoke during the IMF-World Bank Annual Meetings in Bangkok.
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The World Bank has announced $93 million in new funding for the Ebola response in Africa, while Canada has committed C$80 million to support efforts in the Democratic Republic of the Congo.
The IMF upgraded 2026 global growth to 3.1% but warned that depleted oil reserves and high debt could test economic resilience. It also flagged risks of disorderly bond yield spikes due to AI-related borrowing.
