IMF Seminar: CBDCs for Financial Inclusion: Risks and Rewards
IMF SEMINAR EVENT
DATE: October 14, 2022
DAY: Friday
4:00 PM - 5:00 PM
LOCATION: IMF HQ1 Atrium (HQ1-1-700)
Overview
Central bank digital currencies (CBDC), if appropriately designed, can help improve financial inclusion. Effective implementation needs a proportionate, risk-based approach and the support of complementary policies. The session will share knowledge and lessons learned thus far. The seminar will feature opening remarks by a high-level UN representative.Join the conversation via #DigitalMoney
IMF Seminar: CBDCs for Financial Inclusion: Risks and Rewards
Panelists
Opening Remarks: Her Majesty Queen Máxima of the Netherlands
Opening Remarks: Kristalina Georgieva
Moderator: Kathleen Hays
Panelist: Bo Li
Bo Li assumed the role of Deputy Managing Director at the IMF on August 23, 2021. He is responsible for the IMF’s work on about 90 countries as well as on a wide range of policy issues.
Before joining the IMF, Mr. Li worked for many years at the People’s Bank of China, most recently as Deputy Governor. He earlier headed the Monetary Policy, Monetary Policy II, and Legal and Regulation Departments, where he played an important role in the reform of state-owned banks, the drafting of China’s anti-money-laundering law, the internationalization of the renminbi, and the establishment of China’s macroprudential policy framework.
Panelist: Cecilia Skingsley
Panelist: Vera Songwe
Vera Songwe is Co-chair of the High-Level Panel on Climate Finance and Chair of the Liquidity and Sustainability Facility. She was previously Under-Secretary-General at the United Nations and Executive Secretary of the United Nations Economic Commission for Africa. She is a nonresident senior fellow at the Brookings Institution. Songwe was recognized as one of Africa’s 100 most influential people in 2020. She recently co-authored a book entitled Regional Integration in West Africa: Is There a Role for a Single Currency? with Eswar Prasad. Dr. Songwe has spent the last three years championing the cause for additional liquidity for emerging markets and the need for a new global financial architecture fit for the 21st century development challenges.
Dr. Songwe has held a number of senior positions at the World Bank, and the International Finance Corporation. Her main areas of interest are fiscal and monetary policy, innovative financing mechanisms for development, agriculture, energy, and economic governance. She has extensive experience working in the Africa, East Asia, Europe and Central Asia and South Asia regions.
Prior to joining the Bank, Dr. Songwe was a Visiting Scholar at the University of Southern California and at the Federal Reserve Bank of Minneapolis. Dr. Songwe holds a PhD. in Mathematical Economics from the Center for Operations Research & Econometrics from the Catholic University of Louvain-la-Neuve in Belgium. She holds a BA in Economics and a BA in Political Science from the University of Michigan, Ann Arbor.
Panelist: Perry Warjiyo
Perry Warjiyo was born in Sukoharjo in 1959. After completing his education in the Faculty of Economy, Gajah Mada University (UGM), in Yogyakarta in 1982, Perry continued his education in Iowa State University and successfully gained his Master’s degree in 1989 and Ph.D. in 1991.
Before serving as the Governor of Bank Indonesia, Perry was the Deputy Governor of Bank Indonesia from 2013-2018. Perry also served as the Assistant Governor for monetary, macroprudential, and international policies. He held the position after he served as the Executive Director of Bank Indonesia’s Department of Economic Research and Monetary Policy. Before returning to Bank Indonesia in 2009, Perry Warjiyo held an important position for two years as the Executive Director of the International Monetary Fund (IMF), representing 13 member countries in the South-East Asia Voting Group from 2007-2009. Perry has a long and brilliant career in Bank Indonesia since 1984, primarily in economic research and monetary policy, international issues, organizational transformation and monetary policy strategies, education and research on central banks, management of foreign reserves and external debts, and the Governor Bureau.
Perry’s passion for science makes him love to write and he issued several books, journals, and papers on economy, monetary, and international issues.
Perry Warjiyo officially serves as the Governor of Bank Indonesia under Decision of the President of RI Number 70/P of 2018 dated 16 April 2018, and took his oath of office on 24 May 2018.