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Governance for Inclusive Growth
Author:
Maksym Ivanynanull

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Andrea Salerno
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Series:
IMF Working Papers
Volume/Issue:
Volume 2021: Issue 098
Language:
English
Publication Date:
23 Apr 2021
DOI:
https://doi.org/10.5089/9781513582467.001
ISBN:
9781513582467
ISSN:
1018-5941
Pages:
44
Keywords:
policy advice; poor governance; government discretion; central bank; government regulation; Corruption; Inclusive growth; Anti-money laundering and combating the financing of terrorism (AML/CFT); Civil society; Tax evasion; Global
Legal-disclaimer:
IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
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The government’s ability to deliver inclusive growth crucially depends on the quality of governance. This paper reviews the linkages between governance and inclusive growth, and key policies to improve governance. The policies include (1) structural reform, automation, improving rules and procedures (including for fiscal and monetary policies) to limit the discretion and hence the space for policy errors; (2) human resource policies, capacity building, effective anti-corruption frameworks to incentivize public officials to make decisions in the best public interest; and (3) transparency, accountability, and inclusive political institutions to inform and monitor policymaking.
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Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund
Volume 2021: Issue 098