Video: IMF Managing Director Says "We Are Working Hard On A Global CBDC"

"At the IMF we are working hard on the concept of a global CBDC platform": IMF Managing Director Kristalina Georgieva https://t.co/Py7JLMovuc pic.twitter.com/N6txNHBaaE

— Tim Hinchliffe (@TimHinchliffe) June 19, 2023

During a presentation at a conference in Morocco, Kristalina Georgievahe the managing director of the International Monetary Fund (IMF) announced that the global body is “working hard on the concept of a global CBDC platform.”

Georgieva declared that Central Bank Digital Currencies need to be interoperable between countries, noting “If we are to be successful, CBDCs could not be fragmented national propositions.”

“To have transactions more efficient and fairer, we need systems that connect countries,” Georgieva continued, adding “In other words, we need interoperability.”

The IMF MD argued that global digital currencies would “give more people access to financial services and bring the cost down,” adding that “CBDCs can provide for more resilient and efficient payment systems,” and “can be a cheaper way, and a quicker way, to do cross-border payments, to pass remittances… and also simplify other transfers.”