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

  • February 8, 2016
    Brazil is in a good position to serve as a bridge to Africa and to reignite more cooperation between both sides of the South Atlantic. Brazil has increased its presence in Africa in recent years in terms of trade, investment, development cooperation, and political alliances with the goal to secure a greater say for the global South in the new world order that has been under construction since the of the Cold War. This has been pursued through financial support and proactive economic ...
  • Authors
    February 1, 2016
    Industrial policy is a controversial, even taboo, subject in policy circles. Yet it is widely practiced by advanced and developing countries alike2 . This note tries to make sense of this paradox. It argues that industrial policy can be a useful weapon in the development policy arsenal. However, the effectiveness of industrial policy is more circumscribed than many of its practitioners think, and there are significant risks associated with getting it wrong, especially in a poor gove ...
  • January 27, 2016
    This podcast is performed by Prakash Loungani. He is Senior Fellow at Policy Center for the New South and Advisor in the Research Department of the International Monetary Fund, was interv ...
  • Authors
    January 12, 2016
    Q: The U.S. Federal Reserve on Dec. 16 raised interest rates, ending what Fed Chairwoman Janet Yellen called an “extraordinary seven-year period” during which policymakers kept the federal funds rate near zero in an effort to support the economy. How will the Fed’s action affect Latin American economies, many of which are struggling with anemic growth and low prices for their commodity exports? How will the interest rate hike affect Latin American countries’ ability to pay off ...
  • Authors
    Nisrine Ouazzani
    January 6, 2016
    The economic growth of the African continent and its positioning as an emerging force is a reality no longer questioned. Optimism surrounding the Africa rising narrative is supported by a growing young workforce, an expanding middle class, new discoveries of natural resources and minerals, relative political stability and infrastructure developments. Economic and international financial actors now recognize the potential that the continent represents for the world economy, consider ...
  • Authors
    December 23, 2015
    Global economic growth is likely to be a little better in 2016 than this year’s lackluster outcome. The ongoing slow recovery in the United States and Europe is likely to continue. However, weakness in China as well as several large emerging markets, and sluggishness of world trade, mean that risks are weighted on the downside of this forecast. Morocco, which is reliant on European markets, is a heavy importer of oil, and whose currency has devalued in effective terms, should find t ...