CBDCs Could Boost Middle East’s Financial Inclusion, Payment Efficiency But May Not Be Essential: IMF

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CBDCs Could Boost Middle East’s Financial Inclusion, Payment Efficiency But May Not Be Essential: IMF

"Specifically, in Middle East and North Africa oil exporters and the Gulf Cooperation Council countries, where financial markets are relatively more d

“Specifically, in Middle East and North Africa oil exporters and the Gulf Cooperation Council countries, where financial markets are relatively more developed, the priority is making both domestic and cross-border payments more efficient, while for Middle East and North Africa oil importers, the Caucasus and Central Asia, and low-income countries, it is expanding financial inclusion.”

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