Engagement with Stakeholders on Central Bank Digital Currency (CBDC) in Peru: Technical Assistance Report

The mission’s objective was to support the BCRP in its research on the conditions for success of a CBDC and the involvement of different stakeholders. The IMF has been providing Technical Assistance to BCRP since 2021 regarding CBDC. The initial TA mission assisted the central bank in the Preparation phase of the project, which involved defining the context, key questions, and potential approaches for studying a CBDC. The second phase, called the Proof of Assumptions phase, was initiated by the publication of a white paper by the central bank, supported by the current mission. This white paper presented the context, goals, and challenges related to a potential CBDC in Peru. Building on recommendations from the first mission, the BCRP acknowledged the importance of engaging stakeholders such as representatives from the banking sector, payment service providers, and the Fintech and technology sector.

Read more