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June 6, 2026Technical Assistance Reports

Philippines

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Overview

Technical assistance mission develops wCBDC roadmap to improve financial system challenges in the Philippines, suggesting economic growth strategies.

Key Points

  • This research aims to evaluate the potential use of wholesale Central Bank Digital Currency (wCBDC) to enhance the Philippines' payment systems.
  • Technical assistance mission conducted by IMF to analyze wCBDC use cases.
  • Stakeholder engagement sessions held to identify inefficiencies in current payment systems.
  • Development of a preliminary roadmap for wCBDC implementation based on findings.
  • Identified securities settlement and cross-border payments as key areas for wCBDC application.
  • Provided recommendations for project management and stakeholder engagement.
  • Emphasized the importance of a robust legal framework for wCBDC experimentation.

Cite This Study

A 2026 study studied this question.

synapsesocial.com/papers/6a23baa771a5da9775e765eahttps://doi.org/10.5089/9798229048484.019
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