IMF: Singapore, Denmark, US most prepared for AI
The IMF has released its AI Preparedness Index, which assesses 174 countries and how ready their economies are for the upcoming AI revolution; Singapore leads.
Latest International Monetary Fund News
IMF’s work on CBDCs and digital currencies is straining its budget
The IMF has suggested it may reduce its output frequency, provide lighter analysis and give general policy advice, adding that it may also refer some of the world to other financial institutions.
CBDCs can improve cross-border payments, financial inclusion in the Middle East: IMF
IMF says Middle Eastern and Central Asian countries can significantly benefit from CBDCs but urges caution as they come with risks such as disintermediation.
IMF urges Nigeria to regulate digital asset exchanges
The International Monetary Fund has recommended that Nigeria impose registration or licensing requirements on global digital asset trading platforms, following its 2024 Article IV consultation with Nigeria.
Swiss Bank tokenization event hears optimism, concerns from leading banking institutions
While some experts believe tokenization has an array of positive global impacts, others cautioned of its potential to throw efforts to achieve financial inclusion into disarray.
IMF offers Andorra technical assistance in digital asset monitoring
Andorra sought assistance in recording ‘crypto’ transactions, with the IMF providing guidance on current and upcoming digital asset industry trends.
IMF recommends CBDCs, stablecoins for Pacific Island nations, attacks ‘unbacked crypto’
The needs of Pacific Island nations are diverse, and those with national currencies can try CBDCs while those without can opt for stablecoins: just not ‘crypto,’ according to the IMF.
IMF paper: ‘What is the TCP/IP equivalent for digital assets?’
The IMF's working paper delves into how the conceptual four-layer model ASAP could offer use cases and solve issues plaguing today's digital asset ecosystem.
IMF analyzes AI’s impact on global workforce
The IMF's report concludes that AI can reshape the global economic landscape, but cautions that the shift must be managed carefully, focusing on inclusivity, equitable growth, and ethical standards.
IMF proposes framework for assessing systemic risk of digital assets
A paper from the International Monetary Fund outlines a framework for understanding and tracking systemic risks stemming from digital assets, as well as setting out tools to assist countries in containing these risks.
IMF’s CBDC blueprint calls for ‘paced and iterative’ approach among banking regulators
IMF seeks to guide banking regulators on CBDCs for local economies, emphasizing phased, iterative, and jurisdiction-specific approaches.
IMF, FSB joint paper outlines digital asset policy recommendations
With the newly released joint paper, FSB and IMF encourage nations to "address data gaps necessary to understand the rapidly changing crypto-asset ecosystem."