"To have transactions more efficient and fairer, we need systems that connect countries," Georgieva continued, adding "In other words, we need interoperability."

The IMF MD argued that global digital currencies would "give more people access to financial services and bring the cost down," adding that "CBDCs can provide for more resilient and efficient payment systems," and "can be a cheaper way, and a quicker way, to do cross-border payments, to pass remittances… and also simplify other transfers."