The International Monetary Fund has warned that the US and China should each ensure they start borrowing less as their respective debt levels may have a “profound” effect on interest rates paid by other countries and on the economy worldwide, the Wall Street Journal reports.
The International Monetary Fund (IMF) has launched a virtual handbook on Central Bank Digital Currency (CBDC) to serve as a reference guide for Central Banks, aiming to facilitate the implementation of CBDCs and the transition towards a cashless society. However, concerns have been raised about potential heightened government interference in individuals’ personal finances.
An authority linked to the International Monetary Fund, which oversees the world’s monetary system, has launched an international central bank digital currency (CBDC), despite criticism, it will lead to global government control.