IMF Staff Proposes REDI Framework to Facilitate CBDC Adoption

The International Monetary Fund released the document “Inclusive Strategies for Intermediaries and Users of Central Bank Digital Currency Adoption”. The paper recommends the implementation of an inclusive strategy for intermediaries and end-users and introduces the REDI framework to help drive CBDC adoption. IMF staff said that successful CBDC adoption requires proactive strategic policy and design choices that benefit both end users and intermediaries. They therefore urged central banks to focus on stakeholder engagement.