3 chapters across the catalog
The International Monetary Fund is developing a global platform to ensure interoperability between different national Central Bank Digital Currencies (CBDCs). IMF Managing Director Kristalina Georgieva emphasized that systems must connect to make transactions more efficient. Experts clarify that the IMF is not launching its own currency but rather a trading platform to manage cross-border risks.
IMF Managing Director Kristalina Georgieva called for a "new Bretton Woods moment" to address the economic devastation of the pandemic, which has cost an estimated $11 trillion in global output. The proposal suggests a shift toward a new monetary order, potentially involving a digital Euro or other central bank digital assets by 2023.
Kristalina Georgieva, IMF, Global Economic Slowdown
Kristalina Georgieva, the new head of the International Monetary Fund (IMF), warned of a "synchronized slowdown" in the global economy. She attributed this decline to trade fractures, geopolitical tensions, and uncertainty surrounding Brexit. The commentary compares her communication style to her predecessor, Christine Lagarde.
