GOOD GOVERNANCE

GOOD GOVERNANCE 

is term that has become a part of the vernacular of a large range exactly, however, has not been so well established. Rachel Gisselquist highlights the problem of conceptual clarity when it comes to "good governance" and why this is problematic for the practical outcomes that development institutions and the like are trying to achieve.

The International Monetary Fond (IMF) :

 declared in 1996 that promoting good governance in all its aspect, including by ensuring the rule of law, improving the efficiency and accountability of the public sector,and tackling corruption,as essential elements of a framework within which economies can prosper.The IMF feels that corruption within economies is caused by the ineffective governance of the economy, either too much regulation or too little regulation.To receive loans from the IMF. countries must have certain good governance policies, as determined by the IMF, in place.

The United Nations : 

UN is playing an unceasing role in good governance. according to former UN Secretary-General Kofi-Annan, "good governance is ensuring respect for human rights and the rule of law; strengthening democracy; promoting transparency and capacity in public administration."