AFRICAFE: Africa and the New International Financial Architecture

October 12, 2023

The African continent has long been a focal point for discussions surrounding economic development, global finance, and international cooperation. With the ever-changing global economic landscape and the emergence of new financial paradigms, it is imperative to explore how Africa positions itself within this shifting framework. During this episode, we will unpack the evolution of international financial architecture to gain a comprehensive understanding of how the international financial system has evolved over the years and the implications of these changes for African nations. With the relocation of the International Monetary Fund and World Bank Annual meetings to Africa in 2023, we will explore the continent’s role in shaping international financial governance, from its participation in international organizations to advocating for reforms in international financial institutions.

This episode will feature a key expert with extensive experience in international finance, and global economic governance to gain valuable insights into the complex relationship between Africa and the evolving international financial architecture and explore potential strategies for fostering economic growth, stability, and sustainability on the continent.

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. ...
Marc Uzan
Executive Director, Reinventing Bretton Woods Committee (RBWC)
...

RELATED CONTENT

  • February 5, 2021
    Regional integration in Africa is seen as a priority by many of the continent’s policymakers and economic stakeholders. With all Africa now signed up to the African Continental Free Trade Agreement (AfCFTA), the challenge now is to implement a continental market for goods and services and establish the foundations of a continental customs union. Many on the continent see the AfCFTA as an investment, economic-diversification, and job-creation blueprint that will shape the future of A ...
  • Authors
    December 30, 2020
    According to this month’s OECD economic outlook, global GDP --- which took a huge hit from the pandemic and is still 3% below its level of a year ago – will not recover its pre-pandemic level until the end of 2021. In a downside scenario, the return could take almost a year longer. The OECD predictions, which imply high and protracted unemployment, are in line with the view of many other official and private organizations. The arrival of effective vaccines such as Pfizer-BioNTech wa ...
  • Authors
    December 7, 2020
    The pandemic is accelerating history, in the sense that it is leading to the speeding up of some recent trends. In the case of globalization, the pandemic will not reverse it, but it will reshape it. Here we take a bird’s eye view of global trade during the pandemic, relate it to previous trends, and guess how global value chain managers and government trade policymakers are likely to react. A Bird’s Eye View of Global Trade during the Pandemic World trade took a deep dive during ...
  • Authors
    Eugène Berg
    Pascal Chaigneau
    Jérôme Évrard
    Alain Oudot de Dainville
    Sonia Le Gouriellec
    Rodolphe Monnet
    Florent Parmentier
    Nicolas Vaujour
    October 16, 2020
    Dans ce huitième ouvrage, le Centre HEC de Géopolitique et le Policy Center for the New South présentent 13 papiers conjoints inspirés de la 8ème édition de la conférence annuelle des Dialogues Stratégiques, et enrichis par les auteurs. Lors de cette rencontre, qui a eu lieu le 17 octobre 2019, deux thèmes majeurs ont été discutés : Les défis de la navalisation et de la maritimisation du monde et l’insularité au sein de l’Union Africaine. Dans la première partie de l’ouvrage, les a ...
  • Authors
    Hajar El Alaoui
    October 5, 2020
    La pandémie de la Covid-19 a mis en exergue les limites de la « coopération internationale » et du multilatéralisme, cédant la place à une possible émergence de la coopération bilatérale, voire régionale, et à la mise en œuvre de Complexes régionaux de sécurité. La configuration actuelle du monde en fait un village global, où les Etats sont à l’image de leurs nations, plus connectés et interdépendants. Il est, certes, vrai que la mondialisation ne peut disparaître, mais peut, en rev ...
  • Authors
    Youssef El Jai
    September 15, 2020
    Avant l'ère coloniale, l'émission d'argent en Afrique de l'Ouest dépendait de la traite des esclaves. Avec l'avènement du régime colonial, les pièces d'argent ont été importées puis progressivement imposées comme outil de coercition. La trajectoire postcoloniale a été différente pour les anciennes colonies britanniques et françaises. Alors que les premières ont retrouvé leur souveraineté monétaire, les secondes ont conservé une union monétaire sous l’égide de la France. La propositi ...
  • Authors
    Alioune Sall
    August 17, 2020
    The transformation of the Economic Community of Western African States (ECOWAS) into a « Confederation of States » is sometimes considered, including by the Heads of State of the Community, as a natural next step in the process of deeper integration in West Africa. The purpose of this study is to explore its feasibility and relevance, based on the experience of other continents. A confederation of states can be defined as an association of sovereign states which, by means of an int ...
  • Authors
    Amine Harastani Madani
    July 29, 2020
    Parler de de l’Union africaine sans évoquer la place qu’y occupe le Maroc serait incomplet, car le Royaume a contribué activement à la construction africaine, s’en est séparé, en signe de protestation contre le non-respect de la légalité internationale par les organes de la défunte Organisation de l’Unité africaine pour, ensuite, y retourner, dans le cadre de l’Union africaine. Doit-on parler de retour ou d’admission ? Indépendamment de la réponse apportée à cette question, il convi ...
  • Authors
    Alioune Sall
    Moubarack Lo
    July 2, 2020
    La transformation de la Communauté Economique des Etats de l’Afrique de l’Ouest (CEDEAO) en « confédération d’Etats » est parfois évoquée, y compris au niveau des Chefs d’Etat de la Communauté, comme une prochaine étape naturelle du processus d’approfondissement de l’intégration en Afrique de l’Ouest. La présente étude a pour objet d’en explorer la faisabilité et la pertinence, en se fondant sur l’expérience vécue dans d’autres continents. Une Confédération d’Etats peut être défini ...
  • Authors
    June 30, 2020
    Prior to the colonial era, money issuance in West Africa depended on slave trade. With the advent of the colonialrule, silver coins were imported then progressively imposed as a tool of coercion. The post-colonial trajectory wasdifferent for former British and French colonies. While the former regained their monetary sovereignty, the lattercontinued under a monetary union under the auspices of France. The proposal of the Eco as a single currency forECOWAS is therefore a whole new st ...