Central Bank Digital Currencies for Financial Inclusion: Risks and Rewards

Globally, financial inclusion has improved markedly over the past ten years, but almost a quarter of the world’s adult population remains unbanked—without access to financial services and products. And the problem of women’s access persists. Fewer women than men have bank accounts and they make up a smaller share of borrowers. Multiple barriers, like low-income levels, low trust in financial institutions, and high fees for financial services, can adversely impact access to and use of financial accounts. Central bank digital currencies could be designed to be affordable, widely accepted, and a safe instrument, which would address some obstacles to financial inclusion. Join us on October 14 at 4 PM ET to explore the risks and rewards of #CBDCs for financial inclusion. #DigitalMoney Learn more: Speakers: - Her Majesty Queen Máxima of the Netherlands, United Nations Secretary-General’s Special Advocate for Inclusive Finance for Development (UNSGSA) - Kristalina Georgieva, Managing Director, IMF - Bo Li, Deputy Managing Director, IMF - Cecilia Skingsley, Head of the BIS Innovation Hub, BIS - Vera Songwe, Co-chair, High-Level Panel on Climate Finance, and Chair, Liquidity and Sustainability Facility - Perry Warjiyo, Governor, Bank Indonesia - Moderator: Kathleen Hays, Global Economics and Policy Editor, Bloomberg