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 operations, policy, 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. It aims to be interactive, using a combination of lectures, case study simulations, group or individual presentations, and panel discussions. 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 application of AML/CFT rules It will also examine other relevant topics such as data frameworks applicable to cross-border payments, adoption of Legal Entity Identifiers, and initiatives such as central bank digital currencies (CBDC) and crypto assets. Participants will gain a basic understanding of cross-border payments and the actions underway to address the challenges and apply them in hypothetical case studies.