Good Governance in Sub-Saharan Africa: Opportunities and Lessons

March 18, 2022

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Good Governance in Sub-Saharan Africa: Opportunities and Lessons, (USA: International Monetary Fund, 2022) accessed December 21, 2024

Summary

Governance and corruption issues have taken the center stage in international discussions, especially after the adoption by the IMF in 2018 of a new framework for engagement on governance and corruption. Sound institutions that guarantee integrity in the management of public affairs are critical on the path toward higher and more inclusive growth. Corruption undermines the quality of institutions, weakens the effectiveness of government programs, and compromises social trust in government policies. Indeed, countries around the world that improved their governance systems are reaping a “governance dividend,” and governance-enhancing reformist countries in sub-Saharan Africa include Botswana, Rwanda, and Seychelles. In addition, Liberia, Sierra Leone, and Angola demonstrate that important reforms are possible, including in fragile environments. The importance of good governance has acquired even more importance as countries try to introduce policies to fight the ongoing COVID-19 pandemic. Special attention to governance in an emergency context, including situations associated with conflict, other health crises and natural disasters, is therefore essential. Innovation and new technologies are critical instruments that policymakers can use in their efforts to improve governance and transparency.

Subject: Anti-money laundering and combating the financing of terrorism (AML/CFT), Auditing, Commodities, Corruption, Crime, Cross country analysis, Development, Oil, Public financial management (PFM), Regional economics

Keywords: Africa, Anti-money laundering and combating the financing of terrorism (AML/CFT), Auditing, Caribbean, Corruption, Corruption perception, Digitization, Emergencies, Financing, Fragile and conflict-afflicted countries, Global, Governance, Governance challenge, Governance indicator, Government effectiveness, Government policy, Growth, Middle East, Oil, Pandemic, Resource-rich countries, South Asia, Sub-Saharan Africa, Tax official

Publication Details

Pages:

347
Volume:

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DOI:

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Issue:

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Series:

Books
Stock No:

GGSSAEA
ISBN:

9781513584058
ISSN:

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