While countries came together in the late 80s to fight money laundering and the financing of terrorism, technology and the advent of virtual currencies have further complicated the tracking of illicit financial flows across borders. Over $51 billion in cryptocurrency was used by criminals last year to circumvent traditional banking regulations. Chady El Khoury is an assistant general counsel and heads the Financial Integrity Group at the IMF. In this podcast, El Khoury says the anonymity of virtual currency transactions is supercharging the ability for criminals to grow their empires. 

Transcript: https://bit.ly/3KOjzeA

Chady El Khoury on the Virtual Reality of Financial Crime

This week on the podcast, we unpack what to watch during the World Bank and International Monetary Fund annual meetings in Washington, D.C. — from shifting global growth forecasts to reforms across multilateral development banks. As the fall meetings kick off, leaders in development finance are looking closely at how the World Bank is reshaping itself to mobilize more private capital and move faster on project approvals.

Amid ongoing reforms, attention is turning to how new tools such as securitizations and guarantee instruments can attract institutional investors while balancing the needs of borrowing countries. The conversation also explores the ways investors are seeking to value ecosystems alongside traditional climate assets, and how differences between U.S. and European markets are shaping approaches to ESG, or environmental, social, and governance, and climate investment.

To discuss these developments, Senior Reporter Adva Saldinger sits down with Elissa Miolene and J.P. Morgan’s Faheen Allibhoy for the latest episode of This Week in Global Development.

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This Week in Global Dev: #116: A look ahead to the World Bank and IMF meetings

Tale fra Storsamling den 12. oktober 2025

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This week, we are on the ground at the World Bank-International Monetary Fund annual meetings, closely following the conversations that will shape the global development sector.

As we note a reduced focus on climate change policy compared to previous years, we are tracking how the conversation is pivoting, with climate issues now being approached through an energy security angle.

In addition to examining the World Bank’s ongoing focus on global job creation, we highlight our exclusive on-the-sidelines interview at Devex Impact House with U.S. Rep. French Hill, a Republican from Arkansas, who shared insights on the Trump administration’s “America First” approach to foreign assistance, providing a Republican perspective on U.S. engagement in global development.

In order to discuss the key talking points at the annual meetings, Devex’s Adva Saldinger sits down with Michael Igoe and Elissa Miolene for the latest episode of our podcast series, recorded live at Devex Impact House on the sidelines of the main summit.

Sign up to the Devex Newswire and our other newsletters:
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This Week in Global Dev: #117: Live from the World Bank annual meetings: The debates dominating Washington

Policy Seminar | IFPRI Policy Seminar
Tackling extreme poverty and financing for food systems in Africa
Organized by IFPRI and partners on the margins of the IMF-World Bank Annual Meetings
October 17, 2025

Join speakers from IFPRI, IFAD, UNU-WIDER and the World Bank for a high-level seminar exploring two major African priorities – poverty reduction and food systems transformation in sub-Saharan Africa. Speakers will highlight the need to make progress on reducing poverty in fragile and conflict-affected areas across the continent, and the need to examine how most effectively to finance food systems amidst declining external funding flows.  

An inaugural World Bank- UNU-WIDER report on poverty and fragility, being previewed at this seminar, indicates that Sub-Saharan Africa has become the epicenter of the poverty–fragility nexus, with some 70% of people in fragile and conflict affected areas now living in the region and half of the world’s extreme poor projected to reside in fragile SSA states by 2030.

The Africa Report on External Development Financial Flows to Food Systems, recently released by IFAD, AKADEMIYA2063, and IFPRI—analyzes the volume and composition of development finance directed toward African food systems, and implications of decreasing external flows, also for national financing strategies.

This timely discussion will spotlight urgent financing needs and policy pathways to reduce poverty in the most vulnerable regions of Africa and strengthen food systems across the continent. It will also underscore the critical role of robust evidence and data-driven analysis in guiding effective financing strategies and policies —particularly as governments and development partners confront the dual pressures rising fragility and declining external flows. By grounding decisions in rigorous research, stakeholders can better align resources with impact and chart more resilient, equitable paths forward.

Opening Remarks
Luis Felipe López-Calva, Global Director, Poverty Global Department, World Bank Group
Patricia Justino, Director Designate, United Nations University World Institute for Development Economics Research (UNU-WIDER)

Report Presentations

Breaking the Fragility-Poverty Trap (World Bank Group, UNU WIDER)
Maria Eugenia Genoni, Senior Economist, Poverty and Equity Global Practice, World Bank

Africa Report – External Development Financial Flows to Food Systems (IFAD, AK2063 and IFPRI): Key Findings
John Ulimwengu, Senior Research Fellow, IFPRI

High-level Panel

Kamal Gutale, Permanent Secretary for the Office of the Prime Minister of the Federal Government of Somalia
Enilde Sarmento, Macroeconomist-Adviser, International Monetary Fund (IMF); member of Mozambique’s delegation to the annual meetings; former National Director, Directorate of Economic Policies and Development, Ministry of Economy and Finance
Diane Menville, Associate Vice President and Chief Financial Officer, Financial Operations Department, International Fund for Agricultural Development (IFAD)
Ana María Ibáñez, Vice President for Sectors and Knowledge, Inter-American Development Bank (IDB)
Johan Swinnen, Director General, IFPRI

Moderator
Charlotte Hebebrand, Director of Communications & Public Affairs, IFPRI

More about this Event: https://www.ifpri.org/event/tackling-extreme-poverty-and-financing-for-food-systems-in-africa/

Subscribe IFPRI Insights newsletter and event announcements at www.ifpri.org/content/newsletter-subscription

Tackling extreme poverty and financing for food systems in Africa

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Listen to IMF economists and other experts discuss key economic and financial issues of the day.

The International Food Policy Research Institute (IFPRI) provides research-based policy solutions to sustainably reduce poverty and end hunger and malnutrition in developing countries. Established in 1975, IFPRI currently has more than 600 employees working in over 50 countries. It is a research center of CGIAR, a worldwide partnership engaged in agricultural research for development.

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We're the world’s leading independent news organization covering global development.

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