Digital money could boost Pacific island economies – IMF research

Loss of correspondent banking relationships may be offset by digital money infrastructure

The IMF's second HQ building
Photo: Henrik Gschwindt de Gyor/IMF

Digital money infrastructure could improve Pacific island economies, but comes with major risks as well, researchers with the International Monetary Fund (IMF) find in a new study.

Even in countries with a national currency, the authors say jurisdictions will be unlikely to implement a central bank digital currency (CBDC) in either the short or medium term. Theyrecommend that countries build regional joint infrastructure and knowledge-sharing practices, to deal with the rise of private forms of

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