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The Worldwide Governance Indicators (WGI) describe broad patterns in perceptions of the quality of governance across countries and over time. The WGI are based on existing data sources produced by more than 30 think tanks, international organizations, nongovernmental organizations, and private firms around the world.
Governance and institutions are essential to reducing poverty and recovering from various crises. The COVID-19 pandemic amplified gaps and heightened the importance of strong institutions and governance systems. IDA continues its commitment to building stronger government capacity and accountability in service delivery.
Aug 8, 2024 · Good governance is at the heart of the development agenda and crucial to the World Bank Group's (WBG) goals of ending poverty on a livable planet worldwide. The rapid spread of information technology combined with grassroots movements for transparency, accountability, and citizen empowerment has created a transformational opportunity for governance progress and countries with the will to act.
aspects of governance taken from 35 existing data sources that capture perceptions and views of the quality of governance reported by many experts and survey respondents worldwide. The WGI rely on a diverse set of data sources, including several global and regional surveys of households and firms, as well
Oct 2, 2024 · During 2023-2024, the OECD updated its key corporate governance standards, including the G20/OECD Principles of Corporate Governance (2023) and the OECD Guidelines on Corporate Governance of State-Owned Enterprises (2024). The OECD has been invited to present the main changes in these revised standards and discuss key trends relevant to their implementation. The IMF and the World Bank, as ...
2 days ago · This Report reveals that governance can mitigate, even overcome, power asymmetries to bring about more effective policy interventions that achieve sustainable improvements in security, growth, and equity. This happens by shifting the incentives of those with power, reshaping their preferences in favor of good outcomes, and taking into account the interests of previously excluded participants ...
Governance consists of the traditions and institutions by which authority in a country is exercised. This includes the process by which governments are selected, monitored, and replaced; the capacity of the government to effectively formulate and implement sound policies; and the respect of citizens and the state for the institutions that govern economic and social interactions among them.
The WGI measure governance in units where the average score for the world as a whole is zero in every period. Therefore, the six composite WGI measures cannot be used to study trends in world averages of governance, although they can of course be used to compare countries’ performance relative to one another.
Strong governance systems are central in helping countries achieve their climate goals. Action to address climate change requires coordination among multiple government and nongovernment actors. The extended timeframe over which climate change unfolds requires a capability to plan, implement, and sustain a credible commitment to increasingly ...
Aug 4, 2020 · The Governance Global Practice supports client countries build capable, efficient, open, inclusive, and accountable institutions, which are critical for sustainable growth after COVID-19. This is a list of the streams of work on our coronavirus response.
