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

  • Download PDF
    The Securitization Technique: a Relevant Tool for Financing the Mining Sector?
    Authors
    Yves Jégourel
    March 25, 2015
    The strategy to vertically integrate mining producers requires the identification of the right conditions for its financing. Many approaches are possible and the technique of securitization, although widely stigmatized since the financial crisis of 2008, must be considered. Several conditions are however necessary. It is unlikely that the off-balance sheet securitization is currently positioned as an important means to finance this sector’s production capacity. Whatever the scope of ...
  • Successfully Transforming African Agribusiness through Private Equity Capital - Part I - Solving the Capital Formation Issue
    Authors
    Ezana Bocresion
    March 16, 2015
    Over the next couple of months, we want to explore the investing climate in Sub Saharan Africa (“SSA”) and try to understand where it is and what elements/variables are required to increase the continent’s attractiveness to institutional investors and thereby speed up the continent’s development. We will discuss the Private Equity industry in Africa and delve into the challenges faces. We will then work through how best to address them, and in particular, in the Agribusiness sector. ...
  • Download PDF
    Brazil after the 2014 Elections: A Bumpy Road Ahead
    Authors
    Sergio Fausto
    February 27, 2015
    Brazil’s future prospects, and ability to harness its advantages, will hinge on its own policy choices over the next few years. Yet the outlook for meaningful change is unclear. At present, Brazil is in a weaker position than four years ago, from both an economic and a foreign policy standpoint. Even in a scenario where Brazil’s economy gradually returns to the course it was on until 2008, no major strategic changes are likely to happen in Rousseff’s four-year term. ...
  • Download PDF
    L’intégration financière internationale : Théories, évidences, et leçons des expériences récentes
    Authors
    Pierre-Richard Agénor
    February 18, 2015
    Cet article propose, dans un premier temps, une revue de la littérature analytique et empirique récente sur les gains et coûts potentiels associés à l’intégration financière internationale, ainsi que les enjeux de politique économique créés ou exacerbés par cette intégration. En particulier, l’analyse fait ressortir le fait que, pour un pays en développement, les gains associés à cette intégration se matérialisent surtout sur le long terme, tandis que les coûts (liés notamment aux r ...
  • Download PDF
    Is Manufacturing Still a Key to Growth ?
    Authors
    Uri Dadush
    February 10, 2015
    Manufacturing is declining as a share of GDP not only in advanced countries, but in developing countries as well. This new trend, a result of complex forces, should be seen on balance as a reason for development-optimism, not pessimism. In the 21st century economy, manufacturing remains important, but poor countries can attract investment, grow rapidly and diversify away from agriculture on the basis of many possible sources of comparative advantage, without artificially promoting m ...
  • The Global Economy and China: the view from a mountain top
    Authors
    Uri Dadush
    January 30, 2015
    “In my view, China’s very high rates of saving and of investment in infrastructure, plant and equipment, Rand D, and human capital should be seen more as a source of strength, than of weakness. There has, of course, been overinvestment in some sectors, such as heavy industry and housing in some regions, but China’s GDP and infrastructure stock per capita is still just a fraction of that of the most advanced countries, and the country’s potential to catch-up remains largely unexploit ...
  • La chute des prix de l’énergie: Causes, conséquences et implications pour le Maroc
    Authors
    Abdelaaziz Ait Ali
    January 26, 2015
    OCP Policy Center vient de rendre public le 10 janvier son premier Policy Brief de l’année 2015, qui traite de la question de la baisse significative des prix des produits pétroliers, ses causes, et ses conséquences macroéconomiques pour les producteurs et les consommateurs de ce produit.  Yves Jégourel, Senior Fellow à OCP Policy Center et auteur du Policy Brief en question, a accumulé une expertise dans le domaine de l’analyse des marchés des matières premières. Il apporte égalem ...
  • Battling Global Unemployment: Too Soon to Declare Victory
    Authors
    Prakash Loungani
    January 24, 2015
    Seven years after the onset of the Great Recession, the global unemployment rate has returned to its pre-crisis level: the jobless rate fell to 5.6% in 2014; essentially the same as in 2007, the year before the recession. Chart 1: Global Unemployment Back to Pre-Crisis Level but Remains High in OECD (Average of unemployment rates for 105 countries, percent) Sources: IMF, and Economist intelligence Unit Calculations.   Note: Based on data for 105 countries that publish reliable lab ...
  • Maroc: Stratégie de croissance à l'horizon 2025 dans un environnement international en mutation
    Authors
    Pierre-Richard Agénor
    Karim El Aynaoui
    January 24, 2015
    OCP Policy Center est ravi de recueillir vos commentaires et d’engager la discussion autour de la publication de son dernier livre sur la stratégie de croissance du Maroc à l’horizon 2025 dans un environnement international en mutation, co-écrit par Pierre Richard Agénor et Karim El Aynaoui. L’économie marocaine fait actuellement face au risque de se retrouver « prise en tenaille », entre, d’un côté les pays à faible revenu en croissance rapide, bénéficiant d’une main-d’œuvre abond ...