Marrakesh Economic Festival


9:00 am October 2023


6:00 pm October 2023
Add to Calendar 2023-10-11 09:00:00 2023-10-15 18:00:00 Marrakesh Economic Festival Description Location Policy Center Policy Center Africa/Casablanca public

The current times of uncertainty, of economic disruptions, of environmental emergency but also of geopolitics crisis has led to a fragmented and changing world in which the dynamics we have known for several years has now drastically changed becoming “more fragmented, more tensed, more on the edge and more under stress”.

World leaders may not agree on much these days – but many of them share the sentiment that the world is entering a critical decade in the contest for the future international order. Over the last three decades, businesses and governments around the world operated under the assumption that economic and financial globalization will continue apace. As the international order has come under strain in recent years, however, the concept of deglobalization – the delinking of trade and investment so– has increasingly gained traction with households, companies, and governments. National security and geopolitics are supplanting economics in shaping national and international interactions.  Central bankers around the world are called upon to deal with the repercussions of strategic economic relations on macroeconomic variables, inflation dynamics, monetary policy, financial stability and market infrastructures.

We suggest using the annual meetings of the IMF and the World Bank in October 2023, to be able to host a rich variety of programming with the goal of creating the spirit of a unique new Festival in which to host different parts of the program. Sessions and book talks will be organized during the week of the annual meetings. The session themes are listed hereafter. 



Wednesday, October 11, 2023

08:00 - 08:45 

Registration and Welcome Coffee

08:45 - 09:00 

Opening Remarks

Karim El Aynaoui, Executive President, Policy Center for the New South (PCNS)

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

09:15 - 10:00

Session 2: A High-level Conversation


Arend Kapteyn, Global Chief Economist, UBS


Michelle Bowman, Governor, Board of Governors, Federal Reserve System

Klaas Knot, Governor, De Nederlandsche Bank, Chair of the Financial Stability Board

10:00 - 10:15

Coffee Break

10:15 - 11:15

Session 3: TBC

11:15 - 11:30

Coffee Break

11:30 - 12:30

Session 4: Structural Change in The Global Economy and Its Meaning for Emerging Markets

Chair: Massimiliano Castelli, Head of Strategy, Global Sovereign Markets, UBS Asset Management


Rashad Cassim, Deputy Governor, Reserve Bank of South Africa

Julio Velarde, Governor, Central Bank of Peru

Leonardo Villar, Governor, Central Bank of Colombia

Min Zhu, Vice Chairman, Centre for International Economic Exchanges (CIIE)

12:30 - 14:15

Buffet Lunch

14:30 - 16:00

Session 5: Derisking the Global Financial and Trade System

Chair: Abdelaaziz Ait Ali, Head of Economic Research, Policy Center for the New South


Paola Subbachi, Professor of International Economics and Chair, Advisory Board, Global Policy Institute, Queen Mary University

Erik Berglof, Chief Economist, Asian Infrastructure Investment Bank (AIIB)

Ngozi Okonjo-Iweala, Director General World Trade Organization

Shahin Vallée, Senior Fellow, Deutsche Gesellschaft für Auswärtige Politik (DGAP)

Isabel Vansteekiste, Director General of the International and European Relations, European Central Bank (ECB)

16:00 - 16:20

Coffee Break

16:20 - 17:35

Session 6: A Responsible Artificial Intelligence: Historical Context of Technological Change

Chair: TBC


Stefan Buijsman, Assistant Professor, Technische Universiteit Delft

Sandra Watcher, Professor of Technology and Regulation, Oxford Internet Institute (OII)

Thursday, October 12, 2023

09:15 - 10:00

Registration and Welcome Coffee

10:00 - 11:45

Session 7: The New Trilemma of Macroeconomic Policy: Future Policy Responses

Chair: Arend Kapteyn, Global Chief Economist, UBS


Robert Holzman, Governor, Central Bank of Austria

Huw Pill, Chief Economist, Bank of England

Chiara Scotti, Senior Vice-President, Federal Reserve Bank of Dallas

Axel Weber, President, Center for Financial Studies

11:45 - 12:00

Coffee Break

12:00 - 13:15

Session 8: Europe: Competitiveness, Macroeconomic Challenges and Global Competition

Chair: Debora Revoltella, Chief Economist, European Investment Bank (EIB)


Paolo Gentiloni, Commissioner, Economic Affairs, European Commission (EC)

Erik Nielsen, Group Chief Economic Advisor, UniCredit

Boštjan Vasle, Governor Central Bank of Slovenia

13:15 - 14:30

Buffet Lunch

14:45 - 16:15

Session 9: New Payment Infrastructures

Chair: Andrew Torre, Regional President for Central Europe, Middle East and Africa, Visa


Andreas Dombret, Global Senior Advisor, Oliver Wyman

Mamo Mihretu, Central Bank of Ethiopia

16:15 - 16:30

Coffee Break

16:30 - 18:00

Session 10: Central Bank Digital Currencies in Practice

Chair: Ousmène Mandeng, Advisor, Accenture


John Rolle, Governor, Central Bank of Bahamas

Wolfram Seidemann, CEO at Giesecke+Devrient Currency Technology

Leong Sing Chiong, Deputy Managing Director, Monetary Authority of Singapore

Cecilia Skingsley, Head of the Innovation Hub, Bank for International Settlments (BIS)

Friday, October 13, 2023

13:00 - 14:00

Opening Lunch


Session 11: Financing for Development: What Comes next

14:00 - 15:15

Climate Finance

Chair: Masood Ahmed, President, Center for Global Development (CGD)


Mattia Romani, Partner, Systemic

Mark Suzman, President, Center for Financial Studies (CFS)

15:15 - 15:40

Coffee Break

15:40 - 17:00

Development Finance



Niels Annen, Parliament State Secretary, Ministry of Economic Cooperation, Germany

Avinash Persaud, Advisor, Prime Minister of Barbados Daouda Sembene, CEO, Africa Catalyst

Rama Yade, Director, Africa Center, Atlantic Council

19:00 - 21:00

Dinner Lecture – Restaurant Marocain

Lecturer: Joseph E. Stiglitz, Professor of Economics, Columbia University

Sunday, October 15, 2023

08:30 - 09:00

Welcome Coffee

11:00 - 13:00

Session 12: Sovereign Debt Distress in the Global South

Special Roundtable:

Sara Burke, Senior Policy Analyst, Friedrich Ebert Stiftung, New York

Guillaume Chabert, Deputy Director, Strategy, Policy and Review Department, International Monetary Fund (IMF)

Maia Colodenco, Consultant

Ishac Diwan, Director of Research, Finance for Development Lab (FDL)

Karim El Aynaoui, Executive President, Policy Center for the New South

Martin Guzmán, Director, Initiative for Policy Dialogue, Columbia University

Jeff Hall, Advocacy Director, Open Society Foundations (OSF)

Martin Kessler, Executive Director, Finance for Development Lab

Anne-Laure Kiechel, Founder and CEO, Global Sovereign Advisory (GSA)

Theo Maret, Advisor, Senior Research Analyst, Global Sovereign Advisory (GSA)

Brad Setser, Senior Fellow, Council on Foreign Relations (CFR)

Joseph E. Stiglitz, Professor of Economics, Columbia University

Paola Subbachi, Professor of International Economics and Chair, Advisory Board, Global Policy Institute, Queen Mary University

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

Anahi Wiedenbrüg, Senior Advisor, Ministry of Economy, Argentina

Deborah Zandstra, Partner in Capital Markets, Clifford Chance LLP

13:00 - 15:00

Closing Lunch