Definition Good Governance World Bank

In general work by the world bank and other multilateral development banks on good governance addresses economic institutions and public sector management including transparency and accountability regulatory reform and public sector skills and leadership.

Definition good governance world bank. Decentralisation and legal and judicial reforms were added to the agenda in the early 1990s. Definitions of governance xiv measuring governance in bank operations xv. Good governance as a concept. In analyzing governance the world bank draws a clear distinction be tween the concept s political and economic dimensions.

A second concern is that the ank s analytical work and its advocacy of good governance tends to ignore the fact that some of the fastest growing economies in the world also rate poorly on governance. The worldwide governance indicators wgi are a research dataset summarizing the views on the quality of governance provided by a large number of enterprise citizen and expert survey respondents in industrial and developing countries. The relationship between the state and the market lies at the heart of the world bank s good governance agenda and the bank has undertaken many reforms in this area. We then look at world bank policies and activities in the key areas of macroeconomic policy reform financial sector strengthening and privatization.

The bank s mandate is the promotion of sustainable economic and social development. Financial support from the knowledge for change program of the world bank is gratefully acknowledged. The world bank first picked up the issue of governance in the late 1980s when it started to advocate civil service reforms but governance didn t come into bank parlance until 1989. Good governance is epitomized by predict able.

Good governance is at the heart of the development agenda.