## 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/2025/cbdcsa25-03)

## Other formats

- [Markdown version](/en/capacity-development/training/icdtc/schedule/sa/2025/cbdcsa25-03/index.md)
- [Structured JSON version](/en/capacity-development/training/icdtc/schedule/sa/2025/cbdcsa25-03/index.json)
- [Bundle manifest](/en/capacity-development/training/icdtc/schedule/sa/2025/cbdcsa25-03/bundle-manifest.json)

## Bibliographic details
- Session: SA 25.03
- Location: New Delhi, India
- Dates: February 3-7, 2025 (1 week)
- Delivery method: In-person Training
- Primary language: English
- 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.

### Session logistics
- Session No.: SA 25.03
- Location: New Delhi, India
- Date: February 3-7, 2025 (1 week)
- Delivery Method: In-person Training
- Primary Language: English
- Deadline passed

### Course description — scope and focus
- 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 introductory material on motivations and 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 will study implications of CBDCs for:
  - Financial stability and bank intermediation.
  - Monetary policy transmission.
  - Financial integrity.
  - Financial inclusion.
- Sometime will be devoted to regulatory considerations, both at the national and international level.

### Course objectives — competencies participants will gain
- 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/sa/2025/cbdcsa25-03_