The head of the International Monetary Fund (IMF), Kristalina Georgieva, has called on countries to take a more proactive approach in developing central bank digital currencies (CBDCs).
Eleven countries, including some in the Caribbean and Nigeria, have already launched CBDCs, while around 120 others are exploring the concept. Georgieva emphasized the need for the public sector to provide guidance, acting as a catalyst to ensure safety, efficiency, and global interoperability of CBDCs.
The IMF published the first part of a “virtual handbook” on CBDCs to assist countries in the design and setup process. Georgieva highlighted the importance of staying ahead in CBDC development to keep pace with rapidly advancing technology.
