Governance for Inclusive Growth

Maksym Ivanyna and Andrea Salerno

No 2021/098, IMF Working Papers from International Monetary Fund

Abstract: 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.

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 (search for similar items in EconPapers)
Pages: 44
Date: 2021-04-23
New Economics Papers: this item is included in nep-mac
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