IMF helps members tackle 'modern risks'

The International Monetary Fund (IMF) is revising its Financial Sector Assessment Program (FSAP) to assist member nations in safeguarding their financial systems. This initiative aims to address a range of contemporary threats, including the integration of artificial intelligence, the prevalence of cyberattacks, increasing levels of public debt, and the impact of geopolitical tensions.

By updating these assessment protocols, the IMF seeks to provide member countries with the necessary tools to mitigate risks associated with the evolving global economic and technological landscape. The program serves as a framework for evaluating the stability and resilience of financial sectors against these multifaceted modern challenges.