IMF Managing Director Kristalina Georgieva has urged global financial leaders to strengthen international cooperation as the world economy faces rising debt, rapid advances in artificial intelligence and a surge in cyberattacks. Speaking at the IMF–World Bank Annual Meetings in Bangkok on Friday, she called for urgent, practical action to address these growing risks.

Pakistan’s estimated losses from cyber-enabled financial fraud amount to 2.5% of GDP, well above the global average of 0.45%, according to an IMF and World Bank report. Bangkok Blueprint in Action, developed in coordination with the Bank of Thailand, outlines a framework to help countries prevent, detect and address fraud in digital financial services. The report says Asia has the highest fraud losses globally, led by Pakistan at 2.5% of GDP, followed by Malaysia at 2.1% and India at 1.3%. The figures underline growing risks to Pakistan’s digital economy as fraudsters target online platforms, telecom networks and payment systems.

The World Bank Group has mobilized nearly USD 3.2 billion in private capital for Pakistan since 2022, supporting hydropower and green development. Globally, it mobilized a record USD 112 billion for developing countries in fiscal year 2026. In Pakistan, an initial USD 588 million International Development Association credit and a USD 460 million World Bank guarantee helped attract USD 338.5 million from international lenders and Rs144 billion from domestic banks. Separately, a USD 200 million IDA credit supported USD 102.7 million in green investment, including USD 52.7 million in private capital. The programme helped 98 SMEs and 653 microenterprises adopt cleaner technologies and contributed to around 1,600 jobs.