The World Bank is pushing developing economies to move fast on artificial intelligence, warning that global growth has hit a 30-year low and that the technology could help close the gap with richer nations. But the institution also cautions that without careful planning, AI could deepen inequality and lock poorer countries into dependence on foreign tech providers.
Why the urgency now
Global economic expansion is running at its weakest pace in three decades, the World Bank said. For developing economies, that means fewer opportunities to catch up through traditional channels like manufacturing or commodity exports. AI offers a potential shortcut — boosting productivity, streamlining public services, and opening new sectors. The Bank argues that waiting is not an option.
The double-edged promise
Rapid AI adoption could help bridge growth gaps, the Bank acknowledges. But it also risks making things worse. If only a handful of countries or companies control the most advanced AI systems, developing economies could end up as mere consumers, paying for technology they don't own and can't adapt. That could widen the digital divide rather than close it.
What developing economies should watch for
The Bank's message is not just "adopt AI." It's about how. Countries need to invest in digital infrastructure, education, and regulatory frameworks that encourage local innovation. Without those, the benefits of AI will flow mostly to the already-rich. The Bank also flags the risk of job displacement in sectors like call centers and data entry, where many developing nations have built competitive advantages.
The call comes as the World Bank itself is under pressure to do more to help poorer countries navigate the AI transition. No specific programs or funding amounts were announced alongside the statement.
