Peru Technical Assistance Report-Central Bank Digital Currency (CBDC) Stakeholder Engagement

This Technical Assistance Report on Peru focuses on Central Bank Digital Currency (CBDC) Stakeholder Engagement. Consistent with recommendations from the first mission, the BCRP recognized the need to focus on an initial engagement with stakeholders, including representatives of the banking sector,...

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Bibliographic Details
Corporate Author: International Monetary Fund Monetary and Capital Markets Department
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2023
Series:IMF Staff Country Reports
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary:This Technical Assistance Report on Peru focuses on Central Bank Digital Currency (CBDC) Stakeholder Engagement. Consistent with recommendations from the first mission, the BCRP recognized the need to focus on an initial engagement with stakeholders, including representatives of the banking sector, payment service providers, and the Fintech and technology sector. The Banco Central de Reserva del Perú (BCRP) initiated a questionnaire based on the white paper to gather initial feedback, expectations, and concerns from the industry. The mission team provided a list of recommendations to enhance the BCRP's ability to continue its research and make an informed decision about moving into the development phase. The first set of recommendations focuses on adopting inclusive, agile, and transparent project management practices and governance. The second set aims to establish the central bank’s role in leading a “baseline product” with market participants. The final set of recommendations urges the central bank to view the CBDC as a national product and leverage existing elements and participants at the government level
Physical Description:38 pages
ISBN:9798400256172