## Central Bank Digital Currencies: Principles and Policy Considerations (CBDC)

## Source details

**Canonical URL:** [Central Bank Digital Currencies: Principles and Policy Considerations (CBDC)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/at/2024/cbdcat24-25)

## Other formats

- [Markdown version](/en/capacity-development/training/icdtc/schedule/at/2024/cbdcat24-25/index.md)
- [Structured JSON version](/en/capacity-development/training/icdtc/schedule/at/2024/cbdcat24-25/index.json)
- [Bundle manifest](/en/capacity-development/training/icdtc/schedule/at/2024/cbdcat24-25/bundle-manifest.json)

## Bibliographic details
- Session: AT 24.25
- Location: Ebene, Mauritius
- Dates: May 27-31, 2024 (1 week)
- Delivery method: In-person Training
- Primary language: English
- Interpretation language: French Portuguese
- Status: Deadline passed

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### Target audience and qualifications
- Target Audience: Mid-level to senior officials in central banks and other government agencies dealing with regulation of the financial sector.
- Qualifications: Participants are expected to have an advanced degree in economics or finance or equivalent work experience.

### Course description
- Designed to give participants a foundation in central bank digital currencies.
- Assesses the business case for CBDC adoption from the perspective of users and central banks.
- Covers motivations and introductory remarks on digitalization.
- Discusses the different forms of CBDCs and presents considerations for CBDC design and a conceptual framework.
- Presents the benefits, costs and risks related to CBDCs.
- Studies CBDCs in terms of their implications for:
  - financial stability and bank intermediation,
  - the monetary policy transmission,
  - financial integrity,
  - financial inclusion.
- Includes regulatory considerations at the national and international level.
- Uses case studies to:
  - reflect on and discuss country experiences,
  - test understanding of how and why some strategies have been successful,
  - analyze why some countries have chosen not to proceed with implementation of CBDCs yet.

### Course objectives
Upon completion of this course, participants should be able to:
- Explain the economic rationale for the use of CBDCs compared to other payment instruments.
- Use the framework presented in the course to think about the design and implementation of CBDCs.
- Use the concepts introduced in the course to assess the benefits and costs of CBDCs.
- Identify threats to financial stability and various risks based on country case studies.
- Extract lessons from country pilots to try to prevent design pitfalls.

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## References

- [In-person Training](https://www.imf.org/en/capacity-development/training/icdtc/delivery-methods)
- [Core Elements of Banking Supervision (CBS)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/at/2027/cbsat27-10)
- [Advanced Government Finance Statistics (GFS-A)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/ce/2026/gfs-ace26-45)
- [Fiscal Sustainability (FS)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/ce/2026/fsce26-38)
- [Safeguards Assessments of Central Banks (SAC)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/at/2026/sacat26-30)
- [Macroeconomic Management in Resource Rich Countries (MRC)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/ce/2026/mrcce26-44)

_Source: https://www.imf.org/en/capacity-development/training/icdtc/schedule/at/2024/cbdcat24-25_