In the International Monetary Fund's (IMF) latest quarterly journal, Tobias Adrain, director of the Monetary and Capital Markets Department, and Tommaso Mancini-Griffoli, division chief in the IMF's Monetary and Capital Markets Department, explored the organization's reasoning behind the creation of a Central Bank Digital Currency (CBDC) settlement platform. 

According to Adrian and Mancini-Griffoli, the original idea was the creation of "platforms offering a marketplace where digital money can be exchanged and sent internationally," which ultimately means that they will need to support CBDC clearing and settlement transactions between multiple countries. 

The post goes on to explain the rationale behind creating a CBDC settlement platform, noting that "across borders, bridges between trust networks are much harder to establish" due to the lack of a "commonly trusted asset or network to settle transactions." 

As global economic conditions worsen, banks are not as willing to trust other organizations as easily as they used to due to the "risks inherent in extending bilateral credit to another bank." This has resulted in a small group of very large institutions with established bilateral relationships being able to control the banking market.