Back

Redesigning Global Finance

January 30, 2025
Related topics: 
Economy

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

  • Le mécanisme européen d’ajustement carbone aux frontières risque de faire plus de mal que de bien
    Authors
    Uri Dadush
    Uri Dadush
    September 6, 2021
    L’Union européenne (UE) a annoncé le 14 juillet une proposition de taxe carbone à ses frontières, qui devrait renchérir les importations de produits fortement émetteurs (acier, aluminium, ciment, électricité et engrais). Cette même taxe est déjà appliquée au sein de l’UE, qui veut désormais l’imposer aux fabricants étrangers. En soi, le projet part d’une bonne intention. Il n’est pas motivé par le protectionnisme, mais par des préoccupations climatiques on ne peut plus justiíées. S ...
  • Helicopter Reserves to the Rescue
    Authors
    Otaviano Canuto
    Otaviano Canuto
    September 1, 2021
    The world woke on Monday August 23 to higher international reserves for all countries. A new allocation of US$650 billion in Special Drawing Rights (SDRs) from the International Monetary Fund (IMF) to its member countries had entered into force (SDR450 billion). SDRs are an international reserve asset created by the IMF and added to countries' other foreign reserves. It is not a currency that can be used by private agents. Governments, on the other hand, can unconditionality exchan ...
  • Les Mardis du PCNS 24/08/2021 best of : أقوى لحظات حديث الثلاثاء : تحديات الاقتصاد في المغرب
    August 24, 2021
    تجدون أقوى لحظات حديث الثلاثاء حول المواضيع الاقتصادية لهذه السنة : رؤى استشرافية لما بعد الجائحة، الاقتصاد غير المهيكل، دور القطاع الثالث، المغرب وسلاسل القيمة الاقليمية مع خبراء وباحثين اقتصادين. ...
  • Les Mardis du PCNS 24/08/2021 best of : أقوى لحظات حديث الثلاثاء : تحديات الاقتصاد في المغرب
    August 24, 2021
    تجدون أقوى لحظات حديث الثلاثاء حول المواضيع الاقتصادية لهذه السنة : رؤى استشرافية لما بعد الجائحة، الاقتصاد غير المهيكل، دور القطاع الثالث، المغرب وسلاسل القيمة الاقليمية مع خبراء وباحثين اقتصادين ...
  • Download PDF
    U.S. Bubble-Led Macroeconomics
    Authors
    Otaviano Canuto
    August 12, 2021
    Macroeconomic dynamics in the U.S. economy has increasingly become associated with asset price fluctuations in the past few decades. Financial conditions have increasingly become an influential factor shaping the cyclical pace of the macroeconomy. There has been a mismatch between rising financial wealth and the pace of creation and incorporation of new assets. Several secular stagnation hypotheses offer explanations for the insufficient creation of new assets. Public debt—and its p ...
  • Global Imbalances and the Pandemic
    Authors
    Otaviano Canuto
    Otaviano Canuto
    August 9, 2021
    The International Monetary Fund’s tenth annual External Sector Report (ESR, August 2021) shows how current account deficits in the global economy widened in 2020 during the pandemic. On the other hand, the ESR also argues that overall, the misalignment between fundamentals and current account balances has not been exacerbated. The pandemic widened current account imbalances… The sum of absolute values of current account deficits and surpluses went from 2.8% of global GDP in 2019 t ...
  • Download PDF
    Diagnostic stratégique de l’émergence de l’Afrique du Sud
    Authors
    Moubarack Lo
    Amaye Sy
    El Hadj Tine
    August 9, 2021
    L’objet de ce document est d’effectuer le diagnostic stratégique de l’émergence de l’Afrique du Sud. Ce diagnostic de l’économie sud-africaine a été effectué en s’appuyant sur la théorie de l’émergence économique de Moubarack Lô (2017). Trois indices sont associés à cette théorie, correspondant, chacun, aux dimensions de l’émergence globale. L’Indice synthétique de l’Emergence économique (ISEME) mesure le niveau d’émergence économique atteint par un pays. L’indice composite des Levi ...
  • Download PDF
    2021-2022 : années vérité de l'économie turque
    Authors
    Henri-Louis Vedie
    August 3, 2021
    Cette étude concerne l'économie de la Turquie entre 1960 et 2020. Sur cette longue période, deux indicateurs ont été privilégiés : le taux de croissance et le taux d'inflation, analysant leur évolution, mettant en évidence un « avant Erdogan » et un « après Erdogan ». Un « avant Erdogan », entre 1960 et 2003 tout d'abord. Entre 1960 et 2003, les taux de croissance et les taux d'inflation sont très irréguliers, parfois négatifs pour le taux de croissance, mais pouvant aussi dépasser ...
  • Download PDF
    Morocco’s Decarbonization Pathway - Part IV: Policy Recommendations
    Authors
    Rim Berahab
    Chami Abdelilah
    Derj Atar
    Hammi Ibtissem
    Morazzo Mariano
    Naciri Yassine
    Afaf Zarkik
    with the technical support of AFRY
    July 29, 2021
    As decarbonization is a long-term process and requires significant investments, specific financial and non- financial measures will need to be implemented, both in the short and long term, to facilitate this transition. In Part II of Morocco’s decarbonization pathway Policy Brief series, an update of the decarbonization scenarios was presented. It revealed that the Increased Ambition and Green Development scenarios achieve higher decarbonization targets than current policy. It showe ...