Training Program

Mid- to senior-level officials working in the payment, legal, technology, monetary policy, foreign exchange management, and financial stability departments at the central bank and in positions with similar responsibilities.

Participants should have experience in the operations and/or oversight in one or more of the following areas: payments, legal, technology, monetary policy, foreign exchange management, and financial stability.

This course is designed based on the G20 Roadmap for Enhancing Cross-border Payments and the IMF-World Bank approach to cross-border payments technical assistance presented by the Monetary and Capital Markets Department. It aims to be interactive, using a combination of lectures, case study simulations, and group or individual presentations. Lectures explore the evolving landscape of cross-border payments in the digital age and focus on how it could be improved. In doing so, it first analyses the pain points of developing cross-border payments and highlights the regional and international initiatives to address those obstacles in the near term including improving access to payment systems, interlinking fast payment systems and expanding and aligning operating hours. It also will examine long-term initiatives such as CBDC and Crypto Assets. Participants, after gaining a basic understanding of cross-border payments and the actions underway to address the challenges faced by them and apply them in hypothetical case studies.