## 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/jv/2024/cbdcjv24-21)

## Other formats

- [Markdown version](/en/capacity-development/training/icdtc/schedule/jv/2024/cbdcjv24-21/index.md)
- [Structured JSON version](/en/capacity-development/training/icdtc/schedule/jv/2024/cbdcjv24-21/index.json)
- [Bundle manifest](/en/capacity-development/training/icdtc/schedule/jv/2024/cbdcjv24-21/bundle-manifest.json)

## Bibliographic details
- Session: JV 24.21
- Location: Vienna, Austria
- Dates: July 22-26, 2024 (1 week)
- Delivery method: In-person Training
- Primary language: English
- Status: Deadline passed

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### Event logistics and identifiers
- Session No.: JV 24.21
- Location: Vienna, Austria
- Date: July 22-26, 2024 (1 week)
- Delivery Method: In-person Training
- Primary Language: English
- Status: Deadline passed

### 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 — scope and content
- Presented by the Institute for Capacity Development.
- Designed to give participants a foundation in central bank digital currencies.
- Key analytical strands and content areas:
  - Assessment of the business case for CBDC adoption from the perspective of users and central banks.
  - Motivations and introductory remarks on digitalization.
  - Discussion of the different forms of CBDCs and considerations for CBDC design and a conceptual framework.
  - Presentation of the benefits, costs and risks related to CBDCs.
  - Analysis of implications for:
    - Financial stability and bank intermediation.
    - Monetary policy transmission.
    - Financial integrity.
    - Financial inclusion.
  - Regulatory considerations at the national and international level.
  - Case studies to reflect on and discuss country experiences, including why some strategies have been successful and why some countries have chosen not to proceed with implementation.
  - In a longer (face to face) version of the course, participants would be expected to prepare final presentations on a set of predetermined issues.

### Course objectives — expected competencies on completion
- 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/jv/2024/cbdcjv24-21_