Coinspeaker
IMF Is Working on Global CBDC Platform
The International Monetary Fund (IMF) has started working on a global CBDC platform as different countries race to create their central bank digital currencies. IMF Managing Director Kristalina Georgieva revealed the matter, noting the purpose of the project. She said that the aim of the global CBDC platform is to facilitate transactions between countries.
It is no news that many countries, including Japan and China, are working on their central bank digital currencies. More countries have also tested the use cases of their digital currencies, with plans for official launches soon. Currently, about 114 central banks are exploring CBDC. Hence, the IMF wants to reshape the financial landscape through the global CBDC platform. Georgieva emphasized the need for a unified platform while speaking at a conference for African central banks in Morocco. She said:
“CBDCs should not be fragmented national propositions… To have more efficient a
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