Redesigning Global Finance

January 30, 2025

In this episode of Redesigning Global Finance, we explore the evolving landscape of global financial governance, focusing on how institutions like the IMF, World Bank, and regional development banks are adapting to new economic realities and global crises. The episode examines how financial systems must evolve to support the Sustainable Development Goals (SDGs) and highlights the transformative role of digital technologies such as cryptocurrencies, blockchain, AI, and fintech in reshaping financial infrastructure and promoting financial inclusion. At the same time, it addresses the regulatory, security, and governance challenges these innovations present. The discussion centers on the urgent reforms needed to ensure financial resilience, aligning capital flows with sustainable development in emerging markets, and the changing role of traditional financial institutions in the face of rising digital finance.

Speakers
Ahmed Ouhnini
Economist, Policy Center for the New South
Ahmed Ouhnini is an Economist at the Policy Center for the New South. His research area covers agricultural economics, human and social development. Previously, he has worked as a researcher at the Paris School of Economics (PSE) and has also a record of working in consulting services in Morocco. Ahmed holds an engineering Diploma in Agriculture and Rural Development from the National School of Agriculture of Meknes and a Master’s Degree in Law, Economics and Management from the Paris 1 Pantheon Sorbonne Institute of Development. ...
Ferid Belhaj
Senior Fellow
Ferid Belhaj took up the position of World Bank Vice President for Middle East and North Africa on July 1, 2018. Prior to this, he served as the Chief of Staff of the President of the World Bank Group for 15 months. From 2012 to 2017, Mr. Belhaj was World Bank Director for the Middle East, in charge of work programs in Lebanon, Syria, Jordan, Iraq and Iran, based in Beirut, Lebanon. In this capacity, he led the Bank’s engagement on the Syrian refugee crisis and its impact on the region, including the creation of new financing instruments to help countries hosting forcibly displaced people; the ramping up of the Bank drive towards the reconstruction and recovery of Iraq during and after the ISIS invasion and the scaling up of the Bank's commitments to Lebanon and Jordan. Befo ...
Masood Ahmed
President of the Center for Global Development
...

RELATED CONTENT

  • January 30, 2025
    In this episode of Redesigning Global Finance, we explore the evolving landscape of global financial governance, focusing on how institutions like the IMF, World Bank, and regional development banks are adapting to new economic realities and global crises. The episode examines how finan...
  • January 30, 2025
    This Opinion was originally published in Project Syndicate   As the world prepares for COP30 in Belém, Brazil, African countries have an opportunity to advocate for equitable carbon-pricing mechanisms that align climate action with sustainable development. While cutting emissions is important, so, too, is ensuring fairness and equity for the communities most vulnerable to climate change. ...
  • January 29, 2025
    This Opinion was originally published in Project Syndicate   In today's global economy, developing countries must embrace a new policy framework that strengthens their macroeconomic resilience, harnesses technology for productivity growth, and fosters growth and structural transformation. None of this will be possible with an "every country for itself" mentality. ...
  • Authors
    January 27, 2025
    As geopolitical competition among superpowers intensifies, fragmenting the global economy and financial system, the role of middle powers has attracted much attention from policymakers and analysts. While there is no generally agreed list of middle powers, the term is intuitively understandable and has been used widely as referring to countries ranked below a handful of great powers, but significant enough to be able to act in response to external stimuli with some agency and with s ...
  • Authors
    Inácio F. Araújo
    Dina N. Elshahawany
    João Gabriel Sacco
    Maria Carolina Rogelis-Prada
    Antonios Pomonis
    Guillermo Toyos
    Hogeun Park
    January 22, 2025
    This study evaluates the economic costs for three Egyptian coastal cities of catastrophic flooding resulting from either sea-level rise or intense rainfall. Using a computable general equilibrium (CGE) framework, we assess the higher-order impacts of physical capital loss on both regional and national economies. Leveraging global flood hazard maps for various scenarios and return periods, and a 100-meter-resolution buildings-exposure model, which estimates the replacement value of r ...
  • January 20, 2025
    This paper (see pages: 182-186), included in the report 'Foresight Africa - Top Priorities for the Continent 2025-2030,' was originally published on brookings.edu   In an increasingly fragmented world grappling with common challenges such as the global climate crisis, the Atlantic Ocean can be leveraged for Africa’s climate action, continental integration, contribution to the provision of global public goods, development, improved participation to the global economy, international ...
  • January 20, 2025
    في هذه الحلقة، تم مناقشة العوامل الأساسية التي يجب أن تأخذها الدول العربية في الاعتبار عند وضع خططها الوطنية للصمود الاجتماعي والاقتصادي، بالإضافة إلى كيفية تعزيز التعاون الإقليمي لتحسين قدرتها على مواجهة الأزمات. كما تم استعراض دور التكنولوجيا الحديثة في تحسين التخطيط الوطني للصمود الا...
  • Authors
    Arkebe Oqubay
    January 20, 2025
    This paper, included in the report "Urban Sustainable Development: Governance, Finance and Politics.", was originally published on:https://cebri.org/en/doc/356/cebri-and-rio-g20-committee-publish-urban-sustainable-development-governance-finance-and-politics  © Vormittag, Pedro, Marianna Albuquerque & Eugénie Birch (Eds.). 2024. Urban Sustainable Development: Governance, Finance and Politics. Rio de Janeiro: CEBRI.   Sustainable urban development is vital for Africa, offering ...
  • January 20, 2025
      في هذه الحلقة، تم مناقشة السياسات التعليمية التي تم تنفيذها لتعزيز رأس المال البشري في الدول العربية المنتجة للنفط، وكيفية تقليل الاعتماد على الموارد الطبيعية. كما تم استعراض تأثير تمكين الشباب والنساء على تنويع الاقتصاد في هذه الدول. استضافت الحلقة عبير رشدان، القائم بأعمال نائب الع...