Central Bank Digital Currency - Initial Considerations (CBDC)
Apply online by October 27, 2024
Session No.: CE 25.01
Location: Kuwait City, Kuwait
Date: January 5-9, 2025 (1 week)
Delivery Method: In-person Training
Primary Language: English
Interpretation Language: Arabic
Apply NowTarget Audience
Mid- to senior-level officials working in the payment, legal, technology/innovation, monetary policy, and financial stability departments at the central bank or in positions with similar responsibilities.
Qualifications
Participants should have experience in the operations, policymaking, and/or oversight in one or more of the following areas: payments, legal, technology/innovation, monetary policy, and financial stability.
Course Description
This course, presented by the Monetary and Capital Markets Department (MCM), provides a comprehensive overview of Central Bank Digital Currency (CBDC). It aims to be interactive, using a combination of lectures, case study simulations, and group or individual presentations. The lectures will cover initial considerations for CBDC including its positioning with other payment systems; project management for CBDC research and development; cybersecurity risks; and macro-financial implications such as monetary policy transmission, monetary operations, as well as financial stability. The lectures will also explore factors influencing CBDC adoption, data use/privacy protection, and cross-border arrangements for CBDC, providing a comprehensive overview of this evolving field.
The course will draw from insights from the IMF's CBDC virtual Handbook chapters, an online resource for policymakers and experts in central banks and ministries of finance, serving as the foundation for the IMF's engagements with country authorities and stakeholders. The Handbook aims to collect and share knowledge, lessons, empirical findings, and frameworks to address policymakers' most frequently asked questions on CBDC.
Course Objectives
Upon completion of the course, participants should be able to:
- Gain insight into global CBDC developments and how CBDC compares with other payment systems.
- Learn about project management and R&D best practices for CBDC initiatives and emphasize dynamic decision-making frameworks.
- Understand cybersecurity risks, macro-financial implications, adoption factors, data use/privacy protection, and cross-border arrangements for CBDC use.
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