The International Monetary Fund (IMF) is working on a worldwide central bank digital currency (CBDC) infrastructure. That platform would allow for interoperability of CBDC settlements and avoid their underutilization, IMF Managing Director Kristalina Georgieva said during a conference in Rabat, Morocco. “We are working on a principle of interoperability,” said Georgieva, whose comments were reported Monday (June 19) by Bloomberg News. This concept would employ a shared infrastructure that would avoid so-called “settlement blocks,” the “last thing we want,” Georgieva added. She noted that there are 10 central banks ... (full story)