by Shane Trejo, Big League Politics:

Kristalina Georgieva, managing director of the International Monetary Fund, stated last week that there should be more adoption of central bank digital currencies (CBDCs) allegedly to help developing populations throughout the world.

“CBDCs can replace cash which is costly to distribute in island economies,” Georgieva said Wednesday while appearing at the Singapore FinTech Festival. “They can offer resilience in more advanced economies. And they can improve financial inclusion where few hold bank accounts.”