IMF annual meeting: Developing nations need greater digital connectivity

As the IMF annual meeting in Bangkok comes to an end, new data shows that global inflation is outstripping global growth, pushing low-income nations closer to debt distress. They're also more vulnerable to rising energy costs and climate disaster. We are in a challenging environment, as we hear, because of geopolitical matters that affect oil energy prices and that would affect all countries transportation fuel and so there are strong inflationary impulses and then we have you know the climate continued climate vulnerabilities because of the intensities of events in terms of climate hazards and a number of our developing countries in particular are challenged and and where we are vulnerable and i'm so i'm from the caribbean region and certainly we are the second most vulnerable uh the head Some of the positives you are hearing is the sort of AI boom, that technology boom, and for a lot of those countries that are producers of technology and AI itself and members, you know, particularly in the supply chain of AI. We have seen upticks in terms of revisions upward, in terms of stronger growth, but certainly a number of our developing economies and certainly in some of our regions, we are not among them. We need to catch up in terms of to do more to infuse greater digital connectivity to benefit in a greater way of technological advances. By pairing debt discipline with digital investment, developing economies can safeguard vulnerable citizens while securing a foothold in the future economy.