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

  • Authors
    Diogo Ramos Coelho
    Bruno Saraiva
    June 22, 2026
    Global imbalances are back—and this time the risks look different. The 2008 financial crisis showed how persistent current-account deficits and surpluses between major economies can fuel financial instability and trigger sudden, severe reversals of capital flows. After almost two decades, many thought that episode had been resolved. It had not. New imbalances have built up, with a familiar cast: China, Germany, Japan, and oil exporters running large surpluses, and the United States ...
  • June 22, 2026
    Dans cet épisode, Imane Dahou revient sur la cybersécurité et la protection des données comme enjeux centraux de souveraineté numérique. L’entretien aborde les avancées, les défis et les priorités pour sécuriser les infrastructures, renforcer la confiance des citoyens et accompagner la ...
  • June 22, 2026
    History devotes considerable attention to the rise and fall of great powers. Scholars have spent centuries analyzing why empires collapse, why nations decline, and why dominant states eventually lose their position. By comparison, relatively little attention has been devoted to a different question: what happens when a country succeeds beyond its own expectations? ...
  • June 18, 2026
    تتناول هذه الحلقة واقع صناعة الألعاب الإلكترونية في المغرب، في ظل الاهتمام المتزايد بهذا القطاع الواعد وما يتيحه من فرص اقتصادية وإبداعية. كما تناقش التحديات التي تواجه المطورين والمقاولات الناشئة، من حيث التكوين والتمويل والولوج إلى الأسواق، مع تسليط الضوء على الإمكانات التي يمتلكها ال...
  • June 15, 2026
    As part of the OECD Multilateral Development Finance Week 2026 (MDF Week), the Policy Center for the New South (PCNS) is organizing a webinar entitled “Rethinking Development Finance: African Agency and the Future of Multilateral Development Co-operation after ODA Retrenchment.” The dis...
  • June 15, 2026
    Cette interview revient sur le rôle structurant des infrastructures portuaires dans l’industrialisation du Maroc, à travers l’exemple de Tanger Med. Elle souligne aussi l’importance de la digitalisation, de la formation et de la connexion des régions intérieures pour renforcer la compét...
  • Authors
    Mehran Haghirian
    June 15, 2026
    This article draws in part on perspectives shared by members of the Rihla Initiative for Green Economic Growth, whose regional insights helped inform the sections on how the costs of the war are being felt across the Global South. The war on Iran and in the Gulf has made it impossible to treat the Strait of Hormuz as a regional issue. The disruption around the Strait has moved through the world economy in concrete ways, from higher fuel bills and pressure on food and fertilizer ...
  • Authors
    June 12, 2026
    This essay argues that the current debate about the future of the international monetary system is not really about Gulf currencies, oil pricing, or de-dollarization in the narrow technical sense. It is about something deeper and more important: whether institutional trust can survive when geopolitical certainty is eroding.The Gulf monarchies—Saudi Arabia, the United Arab Emirates, Qatar, Kuwait, Bahrain, and Oman—increasingly exist in a world where the United States no longer looks ...
  • June 12, 2026
    Cet épisode revient sur les principaux défis de la politique budgétaire au Maroc, à partir du chapitre consacré au sujet dans le Oxford Handbook of the Moroccan Economy. Les intervenants soulignent le caractère largement structurel des déficits, la difficulté à sortir d’une politique bu...
  • June 11, 2026
    The global energy system has entered a period of acute structural stress following the strikes by the United States and Israel on Iran in late February 2026, and the subsequent disruption of flows through the Strait of Hormuz. According to the International Energy Agency, the resulting shock marks the most severe disruption to global energy markets since the 1970s oil crises, with systemic characteristics comparable to the combined effects of those crises and the 2022 Russia-Ukraine ...