![]() The world is changing faster than most imagined. If anything, we need to raise another sail to pick up speed. We can learn from you: entrepreneurs, business leaders, and investors. This calls for courage and determination. ![]() We’ve left port and are now on the high seas. Fourth, these platforms should be designed from the start to facilitate cross-border payments, including with CBDCs. The public sector should keep preparing to deploy CBDCs and related payment platforms in the future. Third, this is not the time to turn back. There is so much more space for innovation and so much uncertainty over use-cases. Many are investigating CBDCs and are developing regulation to guide digital money developments. I come in the footsteps of my predecessor, Christine Lagarde, who five years ago gave a speech here encouraging policymakers to follow the “winds of change,” and embark on a digital money voyage by exploring the use of central bank digital currencies, or CBDCs, and fintech.įive years on, I’m here to provide an update on that voyage. I am proud the IMF is part of this great community and that I am with you today. ![]() There is no better place to look into this future than Singapore - a place where fintech flourishes and where this festival brings the unlimited energy of fintech enthusiasts.įinTech innovation has already been transformative - and will continue to be so - changing the world of finance and making it much more accessible to hundreds of millions of businesses and people who used to be cut off from it. And it’s an honor to join you this morning at this impressive forum to take stock of how far we’ve come and set the course for the future. President Tharman, excellencies, distinguished guests: good morning! It’s a pleasure to be in Singapore again. Keynote address, Singapore Fintech Festival
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