IMF Staff Country Reports

Peru: Technical Assistance Report-Central Bank Digital Currency (CBDC) Stakeholder Engagement

November 3, 2023

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Peru: Technical Assistance Report-Central Bank Digital Currency (CBDC) Stakeholder Engagement, (USA: International Monetary Fund, 2023) accessed October 6, 2024

Summary

The goal of the mission was to continue to support the BCRP in its effort to research the conditions for success for a CBDC, as well as the role of various stakeholders. The IMF has been providing Technical Assistance to BCRP on the topic of CBDC since 2021. The initial TA mission supported the central bank during the first phase of the project, called the Preparation phase, which involved clarifying the context, key questions, and potential approaches to study a CBDC. The second phase of the BCRP’s CBDC project, known as the Proof of Assumptions phase, started with the publication of a paper by the central bank, supported by the current mission. The white paper outlined the context, goals and challenges related to a potential CBDC in Peru. Consistent with recommendations from the first mission, the BCRP recognized the need to focus on an initial engagement with stakeholders, including representatives of the banking sector, payment service providers, and the Fintech and technology sector.

Subject: Central Bank digital currencies, Digital financial services, Financial inclusion, Financial markets, Infrastructure, International organization, Monetary policy, National accounts, Payment systems, Technology

Keywords: BCRP counterpart, CBDC journey, CBDC project, Central Bank digital currencies, Digital financial services, Financial inclusion, Global, Infrastructure, Payment systems, Request of the Banco Central de Reserva del Peru, Stakeholder engagement

Publication Details

  • Pages:

    38

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2023/358

  • Stock No:

    1PEREA2023003

  • ISBN:

    9798400256172

  • ISSN:

    1934-7685

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