Understanding CBDC and its application in emerging markets

Understanding CBDC and its application in emerging markets

3 March, 2023    

Central banks have cited several reasons for considering or piloting central bank digital currencies (CBDC). These include a desire to enhance financial stability and monetary policy, improve payment systems, and contribute to financial inclusion. 

However, uncertainty still exists regarding how a CBDC can be designed to promote greater access and meaningful usage in a more inclusive digital payments system without exacerbating divides for vulnerable populations.  

The potential risks and opportunities warrant further exploration, particularly as the national and regional context will significantly influence the ultimate impact of CBDC.  

Over the past few years, Cenfri has undertaken several studies relating to CBDC considerations in low-and-middle-income countries (LMICs). These include: 

We have also developed several shorter outputs and presentations on CBDC: 


If you are keen to talk to us about CBDC or contract us for related work email antonia@cenfri.org 

Similar Articles
Navigating a career in data science
There is demand for skilled professionals in the field of data science as organisations are increasingly adopting a data-driven approach. From unco...
Building the fundamentals of a welfare-enhancing digitalised economy
Digitalisation per se has marginal impact; the crux is the way it is leveraged and implemented. We need a better understanding of how digi...
The Africa Fintech Hub – a platform designed to strengthen fintechs in Africa
Fintechs have the potential to significantly improve the options available to financially underserved individuals. Many fintech start-ups in Africa...
Supporting the development of a digital finance index
Digital financial services are transforming global financial service provision and access. Rapid developments in fintech are disrupting and transfo...