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“IMF Urges African Governments to Embrace AI for Rapid Economic Development”

IMF Urges African Governments to Embrace AI for Swift Economic Advancement

The International Monetary Fund (IMF) is advocating for African governments to adopt Artificial Intelligence (AI) to expedite economic development across the continent.

IMF Managing Director Kristalina Georgieva emphasized the transformative potential of AI, particularly in labor markets, during her address at the Artificial Intelligence (AI) Summit.

Georgieva highlighted key areas crucial for growth, stating, “This is likely the largest transformation of our economies since the Industrial Revolution. It can usher in significant improvements in life expectancy, health, education, productivity, and overall well-being. However, seizing the benefits and effectively managing the risks require urgent adoption and optimization of AI.”

She underscored the need for Africans to inject dynamism into the world economy.

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Story by: Osei Akoto(Teacher Kojo) #Ahotoronline.com

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