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Macroeconomic Policy and Financing for Development Division +66 2 288-1234 [email protected]

Recently the terms "governance" and "good governance" are being increasingly used in development literature. Bad governance is being increasingly regarded as one of the root causes of all evil within our societies. Major donors and international financial institutions are increasingly basing their aid and loans on the condition that reforms that ensure "good governance" are undertaken.

This article tries to explain, as simply as possible, what "governance" and "good governance" means.

Contact
Macroeconomic Policy and Financing for Development Division +66 2 288-1234 [email protected]