Namibia: Technical Assistance Report-Retail Central Bank Digital Currency Exploration and Roadmap
Technical Assistance Reports, February 12, 2025
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- Namibia: Technical Assistance Report-Retail Central Bank Digital Currency Exploration and Roadmap
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Bibliographic details
- Published: February 12, 2025
- Series: Technical Assistance Reports
- DOI: https://doi.org/10.5089/9798400298998.019
Summary and mission objectives
- The Bank of Namibia (BON) explored the potential of Retail Central Bank Digital Currency (rCBDC).
- Key drivers for exploration included:
- promoting financial inclusion,
- modernizing financial system modernization,
- improving cross-border payments.
- The technical assistance (TA) mission aimed to:
- provide the groundwork for a feasibility study of rCBDC,
- draft a rCBDC exploration roadmap for the BON.
Analysis and assessments conducted
- The mission analyzed:
- Namibia’s payment systems,
- financial inclusion.
- The mission assessed:
- potential value propositions and drawbacks of rCBDC,
- implications of rCBDC for monetary policy and financial stability,
- the BoN’s foundational requirements.
Deliverables and intended use of findings
- The mission helped draft a rCBDC exploration roadmap intended to foster a cohesive and coordinated approach for the BoN and external stakeholders.
- The mission’s findings will inform the development of the BoN's rCBDC position paper.
Publication metadata and key statistics
- Publication date: February 12, 2025
- Pages: 53
- Volume: 2025
- Issue: 016
- Series: Technical Assistance Report No. 2025/016
- DOI: https://doi.org/10.5089/9798400298998.019
- Stock No: TAREA2025016
- ISBN: 9798400298998
- ISSN: 3005-4575
- Subject keywords: Central Bank digital currencies; Currencies; Digital financial services; Financial inclusion; Financial markets; Money; Payment systems; Technology
- Additional keywords: Africa; BoN's participation; BoN's staff capability; CBDC; CBDC exploration; Central bank digital currencies; central bank digital currency; central bank staff; cross-border payments; Currencies; Digital financial services; financial inclusion; Global; IMF's Monetary; Namibia.; payment systems; rCBDC; rCBDC exploration roadmap; request of the Bank of Namibia; retail CBDC; retail central bank digital currency; Sub-Saharan Africa
Source: Namibia: Technical Assistance Report-Retail Central Bank Digital Currency Exploration and Roadmap, International Monetary Fund, Technical Assistance Report No. 2025/016.
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