Referring to a new report from the IMF, she stated that there is an expectation of reduced impact of AI in developing countries, with approximately “40 percent likelihood of affecting jobs globally.”
According to the IMF Chief, Artificial Intelligence will pose a risk to job security worldwide. However, she also mentioned that AI will provide a “tremendous opportunity” to increase productivity and boost global development. Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), shared her views in an interview in Washington before attending the annual World Economic Forum in Davos, Switzerland. She mentioned that AI is expected to affect 60 percent of jobs in developed countries.
Citing a new IMF report, she said, “There is an expectation of reduced impact of AI in developing countries, with approximately a 40 percent likelihood of affecting jobs globally.” She further stated, “The more high-skilled jobs you have, the greater the impact will be.”
Georgieva added that one’s job could either be completely eliminated or AI could enhance job opportunities. Therefore, individuals could become more productive, leading to an increase in income.
She told AFP, “We need to focus on helping particularly low-income countries to advance rapidly so that they can take advantage of opportunities presented by AI.”
She stated, “So, AI is a bit scary, yes, but it’s also a tremendous opportunity for all.”
Georgieva also said that 2024 is likely to be a “very difficult year” for global fiscal policies, as countries aim to deal with the burden of accumulated debt during the COVID-19 pandemic and rebuild buffers that were depleted.
