IMF engaging with dozens of countries on CBDCs

finextra.com:

Over 40 IMF member countries have approached the body for technical assistance on CBDCs, with questions ranging from objectives and design choices to pilots and analysis of macro-financial implications. In the past two years, the IMF has started to engage with almost 30 countries, deputy managing director Bo Li told a panel this week.Li says that CBDCs are likely to have profound implications, making them important for the IMF, which has a mandate to help ensure that digital money, including CBDCs, foster domestic and international economic and financial stability.IMF staff recently published a policy paper on the its approach to CBDC capacity development, outlining a multi-year strategy to help member countries meet challenges regarding digital currencies.In addition, a handbook is being put together, acting as a compendium of knowledge and experience on CBDC.