Catalog

	Table of Contents
p. 10 of 34 BACK | NEXT Executive Summary Introduction Good governance defined The elements of good governance The Bank’s concern with governance quality Policy context of the Bank’s project lending Focus on equity and development performance Project quality The East Asian experience Outlook for the future The Bank’s approach to governance issues Promoting the elements of good governance in Bank operations The Bank’s modalities for enhancing governance in DMCs Resource implications Reporting arrangements

Governance: Sound Development Management

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The Bank’s concern with governance quality

As mentioned, for the Bank (and the World Bank), governance is synonymous with development management. Given its involvement in the development of DMCs, the Bank has a legitimate and direct interest in governance issues. However, several factors have, over time, intensified the Bank’s interest in the field of governance. These include (i) the growing recognition of the importance of the policy environment in which development takes place, (ii) an increasing focus on equity issues and development performance, (iii) the lessons highlighted by the Task Force on Improving Project Quality (TFIPQ),¹⁰ and (iv) the experience of the high-performing economies of the region.

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