National Bank of Serbia governor represents Serbia at IMF and World Bank Annual Meetings plenary session focused on demographic shifts and AI

The National Bank of Serbia published an account of Governor Jorgovanka Tabaković, in her capacity as Serbia’s Governor at the International Monetary Fund, representing the country at the plenary session of the International Monetary Fund and World Bank Group Board of Governors in Washington. Discussions with IMF Managing Director Kristalina Georgieva and World Bank President Ajay Banga focused on global economic challenges, including demographic-driven labour market changes and global divisions. Georgieva pointed to projections of global growth slowing to 3.2 percent in 2025 and 3.1 percent in 2026, and argued that trade should be preserved as a driver of global growth. She also highlighted the need for policymakers to manage the labour market transition from artificial intelligence, citing an estimated global productivity increase of 0.1 to 0.8 percent per year. Banga emphasised job creation and the role of governments in enabling private capital through infrastructure, a predictable economic environment and legal certainty for investment, while the session also underscored the importance of an open, transparent, rules-based trading system and timely structural adjustments to rebuild fiscal buffers and support debt sustainability amid climate, digitalisation and AI-related transformations.