On Friday 14th October, the IMF streamed a meeting called “Central Bank Digital Currencies for Financial Inclusion: Risks and Rewards.”
Speakers were Her Majesty Queen Máxima of the Netherlands, who’s also the UN Secretary-General’s Special Advocate for Inclusive Finance for Development. Kristalina Georgieva, Managing Director, IMF, and Bo Li, Deputy Managing Director, and finally Cecilia Skingsley the BIS Innovation Hub Director.
The meeting was about global financial inclusion, which they said had improved over the past ten years, but almost a quarter of the world’s adult population are still unbanked.
It’s hoped that central bank digital currencies would be affordable, widely accepted, and safe instruments, which would address some of the issues surrounding financial inclusion, among other things.
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