The growing influence of emerging economies, regional financial arrangements, and shifting geopolitical dynamics are reshaping global financial governance. Calls for reform from the Global South underscore the need for a more inclusive and responsive financial architecture that addresses today’s global challenges—including debt sustainability, climate finance, and economic fragmentation.

 

Meanwhile, in the MENA region, water scarcity and fragile governance fuel instability. Egypt’s Nile dispute and rising sea levels pose growing risks, while in Libya, Iraq, and Syria, post-war governance failures leave power vacuums filled by militias. Libya’s struggles with state-building and the limitations of international efforts like the Berlin Process highlight the urgent need for sustainable governance. These critical issues are explored in our Multimedia section this week.

PUBLICATIONS

Institutions for Policy Coordination in the Global South

 

Hung Q. Tran

 

Without stronger policy coordination, the Global South risks remaining reactive in an international system dominated by major powers. Hung Tran’s paper highlights the BRICS-10 and NAM/G77 as potential vehicles for collective influence, yet internal divisions and economic asymmetries limit their effectiveness. While BRICS’ expansion strengthens its economic weight, its members still hold limited power within Bretton Woods institutions. Can these coalitions reshape global governance, or will competing national interests keep them fragmented?... Read more

The Reform of the Global Financial Architecture: Toward a System that Delivers for the South

 

Otaviano Canuto, Hafez Ghanem, Youssef El Jai, Stéphane Le Bouder

 

Current financial governance fails to address emerging economies' liquidity constraints and debt vulnerabilities, reinforcing systemic imbalances. This report highlights the limitations of Special Drawing Rights (SDRs) allocation and the inefficacy of existing multilateral mechanisms in meeting the financing needs of developing nations. While regional financial arrangements and South-South cooperation provide alternatives, they remain fragmented and insufficient in scale. Can these frameworks evolve into a viable counterweight to Bretton Woods institutions, or will the status quo persist?... Read more

The Shift from Multilateralism to Plurilateralism: A Challenge for the Bretton Woods Institutions and the UN at 80?

 

Ferid Belhaj

 

As the Bretton Woods institutions and the UN mark their eightieth anniversaries, they face rising pressures from plurilateral frameworks such as the AIIB, BRICS, and the G20, reshaping global governance. Ferid Belhaj’s policy brief argues that without urgent governance reforms, the IMF and World Bank risk losing credibility as emerging economies seek alternative platforms for influence. While plurilateralism offers flexibility, it also accelerates institutional fragmentation, weakening multilateral cooperation. Can the Bretton Woods institutions adapt, or will new regional and geopolitical alignments sideline them?... Read more

MULTIMEDIA

Libya, Iraq, Syria: The Fatal Mistakes of Post-War Governance

 

Libya’s post-conflict governance falters as elections outpace state-building, leaving fragmented authority and entrenched militias. International efforts like the Berlin Process struggle to align political, economic, and security reforms. Can Libya break free from temporary power-sharing deals without a national dialogue on governance and resource distribution?... Watch

(AR) Tuesday Talk 2024: Analyzing the General Population Census Results

 

In 2024, Morocco released its General Population Census results, revealing major demographic shifts with far-reaching policy implications. A decline in population growth due to lower fertility rates, alongside aging trends, poses new challenges. What are the underlying causes of this demographic slowdown? How will these changes shape public policies? What strategies are needed to adapt to these evolving dynamics?... Watch

Water Will Decide the Next War!

 

Water scarcity, intensified by climate change, is reshaping geopolitics. Israel and Jordan depend on each other, Egypt faces a looming Nile crisis, and rising seas threaten Alexandria. As competition for water increases, will it become the world’s most contested resource? Can diplomacy and regional cooperation prevent future conflicts over access to rivers, reservoirs, and coastlines?... Listen

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