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GCC CONTEXT
Financial inclusion initiatives in the GCC have become a cornerstone of economic diversification strategies, with central banks leveraging partnerships to expand access to formal banking and digital payment systems among underserved populations—a structural shift that typically strengthens domestic consumption and labor market efficiency. The UAE's collaboration with multilateral institutions reflects a broader regional pattern of using regulatory frameworks and technology infrastructure to build deeper, more inclusive financial markets, which historically correlates with reduced informal economic activity and improved macroeconomic data quality. Such partnerships often address demographic and expatriate workforce dynamics particular to Gulf economies, where cash-based and informal financi
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