IMF staff proposes REDI framework to promote CBDC adoption

The International Monetary Fund has released the report "Inclusive Strategies for Intermediaries and Users in the Adoption of Central Bank Digital Currency". The report recommends the implementation of an inclusive strategy for intermediaries and end-users. The report introduces a high-level regulation, education, design and deployment, and incentives (REDI) framework to help promote the adoption of CBDC. IMF staff said that the successful adoption of CBDC requires active strategic policy and design choices that benefit end-users and intermediaries. Therefore, they urged central banks to focus on stakeholder engagement. The REDI framework was planned by IMF staff to help central banks improve the adoption of CBDC.