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
7 Lessons from 2024
Although Cenfri has deep roots in financial inclusion and micro-insurance, our portfolio of work has expanded substantially over the intervening ye...
Open finance in Africa: The why and the how for context-appropriate implementation
The promise of open finance has led to a rapid proliferation in countries exploring implementation globally. However, it also comes with costs and ...
A pocket guide to navigating the structure of the G20
On 1 December 2024, South Africa will take over the G20 presidency. This is a fantastic opportunity for Africa. In his recent Troika ...
Leveraging agricultural data for more effective policymaking
Policymakers are challenged to develop policies that will have a positive social impact. For instance, input subsidies for farmers have been widely...