The G20 has made enhancing cross-border payments a priority during the 2020 Saudi Arabian Presidency. This CPMI report provides technical background to the main policy report that it accompanies. Together they represent the output of Stage 2 of the three-stage process coordinated by the Financial Stability Board (FSB) to develop a global roadmap for enhancing cross-border payments.
This report provides detailed descriptions of the 19 "building blocks" where further joint public and private sector work could enhance cross-border payments. The 19 building blocks are arranged into five focus areas, four of which (focus areas A to D) seek to enhance the existing payments ecosystem, while focus area E is more exploratory and covers emerging payment infrastructures and arrangements.