At the Singapore Fintech Festival, IMF's Kristalina Georgieva highlighted the growing importance of Central Bank Digital Currencies (CBDCs). Emphasizing their potential to revolutionize financial systems, she urged policymakers to consider CBDCs for future financial stability and efficiency. Citing the fast-paced adoption of new technologies, such as ChatGPT's rapid user growth, Georgieva emphasized the need for the public sector to act as a catalyst in guiding and safely integrating CBDCs. With 60% of countries exploring CBDCs, their impact on cross-border payments and financial inclusion remains a key focus.
