## Central Bank Digital Currencies (CBDC)

## Source details

**Canonical URL:** [Central Bank Digital Currencies (CBDC)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/sa/2022/cbdcsa22-48)

## Other formats

- [Markdown version](/en/capacity-development/training/icdtc/schedule/sa/2022/cbdcsa22-48/index.md)
- [Structured JSON version](/en/capacity-development/training/icdtc/schedule/sa/2022/cbdcsa22-48/index.json)
- [Bundle manifest](/en/capacity-development/training/icdtc/schedule/sa/2022/cbdcsa22-48/bundle-manifest.json)

## Bibliographic details
- Session: SA 22.48
- Location: New Delhi, India
- Dates: December 5-9, 2022 (1 week)
- Delivery method: In-person Training
- Primary language: English
- Status: Deadline passed

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### Training program overview
- Session No.: SA 22.48
- Location: New Delhi, India
- Date: December 5-9, 2022 (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 topics
- The course is designed to give participants a foundation in central bank digital currencies (CBDC).
- It will assess the business case for CBDC adoption from the perspective of users and central banks.
- After motivations and introductory remarks on digitalization, the course will:
  - Discuss the different forms of CBDCs.
  - Present considerations for CBDC design and a conceptual framework.
  - Present the benefits, costs and risks related to CBDCs.
- The course studies CBDCs in terms of their implications for:
  - Financial stability and bank intermediation.
  - The monetary policy transmission.
  - Financial integrity.
  - Financial inclusion.
- Sometime will be devoted to regulatory considerations, both at the national and international level.
- The course will include country case studies and country pilots to:
  - Identify threats to financial stability and various risks.
  - Extract lessons to try to prevent design pitfalls.

### Course objectives — learning outcomes
Upon completion of the 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)
- [Financial Development and Financial Inclusion (FDFI)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/at/2026/fdfiat26-24)

_Source: https://www.imf.org/en/capacity-development/training/icdtc/schedule/sa/2022/cbdcsa22-48_