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IMF Chief Touts Advantages of CBDCs Over ‘Unbacked Crypto Assets’ and Stablecoins

Kristalina Georgieva said Wednesday that well-designed CBDCs “can potentially offer more resilience, more safety, greater availability and lower costs” than private cryptocurrencies.

By Cheyenne Ligon
Updated May 11, 2023, 4:59 p.m. Published Feb 9, 2022, 4:12 p.m.
WASHINGTON, DC - MARCH 04: IMF Managing Director Kristalina Georgieva speaks during a joint press conference with World Bank Group President David Malpass on the recent developments of the coronavirus, COVID-19, and the organizations' responses on March 4, 2020 in Washington, DC. It was announced yesterday that the Annual Spring Meetings held by the IMF and World Bank in Washington, DC have been changed to virtual meetings due to concerns about COVID-19. (Photo by Samuel Corum/Getty Images)
WASHINGTON, DC - MARCH 04: IMF Managing Director Kristalina Georgieva speaks during a joint press conference with World Bank Group President David Malpass on the recent developments of the coronavirus, COVID-19, and the organizations' responses on March 4, 2020 in Washington, DC. It was announced yesterday that the Annual Spring Meetings held by the IMF and World Bank in Washington, DC have been changed to virtual meetings due to concerns about COVID-19. (Photo by Samuel Corum/Getty Images)