In March 2019, The Council of the EU established a “High-level Group of Wise Persons on the European financial architecture for development” with the aim to collect an independent view on how to improve and rationalise the European financial architecture for development, currently characterised by a high fragmentation of competences, especially between the EIB and the EBRD.

With the digitization of society, new means of payment are gaining ground. In addition to mobile money apps, which operate within the traditional payment infrastructure, digital currency issued by tech large corporations - such as Libra, Gram or Walmart Coins - could emerge as an alternative to fiat money and to incumbent financial intermediaries.