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 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.”