During fiscal deficits and recessions, when the pressure on the economy is profound, governments face budget shortfalls. The negative impact of a recession can also be amplified when a country, like Zimbabwe, faces overvalued exchange rates that mask the extent of underlying price pressures. Furthermore, a recently elected government has created substantial public expectations of change, and demand for greater transparency and accountability.
In October, hundreds of representatives of civil society organizations, public and private sector representatives, journalists and international organizations gathered in Copenhagen for the 18th International Anti-Corruption Conference. This annual conference is viewed by many as a leading forum in the field of anti-corruption.
A few weeks ago, The Economist published an article on economic governance that discussed the importance of public sector accounting. It recognized the importance of maintaining existing public-sector assets and investment in new ones. These assets, according to an IMF study, account for a significant portion of GDP. But, the article asserts, filling potholes and repairing bridges are not as politically appealing as flashy new infrastructure, and few economies engage in robust public-sector accounting that demonstrates the net worth of these assets.
Maybe if governments and citizens understood the value of their public assets, they’d be inclined to invest in their maintenance – avoiding waste and even catastrophic accidents when poor infrastructure fails?
A healthy mix of innovation, continuous engagement, and effective implementation can bring about sustained transformation in public procurement. A more effective and transparent procurement system frees up public money for achieving more and better development outcomes and improving the delivery of public services.
Almost daily, headlines in the world’s leading newspapers are full of examples of public sector failures: public money is mismanaged or outright misused; civil servants are not motivated or are poorly trained; government agencies fail to coordinate with each other; and as a result, citizens are either deprived of quality public services, or must go through a bureaucratic maze to access them.
I get stirred up by all types of governance data, so in honor of the International Day for Universal Access to Information, I though I’d highlight a few efforts to measure access to information. Information on access to information, if you will.
Photo: shplendid | Flickr Creative Commons
Talk of trade tariffs and heightened geopolitical tensions are dominating news headlines recently. As developed economies consider escalating protectionist policies, it’s easy to forget about the situation many emerging markets face.
As outlined in the World Bank’s Global Economic Prospects report released in June this year, protectionist policies would affect emerging market and developing economies (EMDEs) more severely than advanced economies. And this is at a time where increased investment and spending in EMDEs, including in infrastructure, is sorely needed.
- public-private partnerships
- public-private partnership
- Financial Sector
- Social Development
- Global Economy
- South Asia
- Middle East and North Africa
- Latin America & Caribbean
- The World Region
- Cote d'Ivoire
- Egypt, Arab Republic of
The Kenyan government took a big step in improving its business environment with the launch of the Public-Private Partnership (PPP) Disclosure Portal, an online tool that makes all non-confidential information relating to PPP contracts available to the public. The portal, which went live in June, is the result of the government’s work with the World Bank Group to improve transparency and accountability in PPPs since 2016.
As important as the act itself is the timing of the launch. The government recently announced its commitment to eradicate corruption in the public service. The government launched the PPP disclosure portal shortly thereafter—at a time when citizens in Africa are increasingly demanding answers, engaging their governments, and increasing scrutiny in public spending. This reflects positive movement and will hopefully fuel a virtuous cycle where citizens increasingly trust that the government cares about their views, their needs, and their hard-earned money.
Juan Salamanca | Pexels
It’s hard to believe summer is already half over. I am sure many of you, like me, have been stuck at your desks for most of July, but here’s hoping we all get out in the sun in August. But before you go, make note of these really interesting articles that have come out over the last few months that might just make the perfect porch reading for those looking to tune out, but still stay engaged.
The Globe & Mail
Highway BR-163 cuts a rough path through Brazil’s conflicting ambitions: to transform itself into an economic powerhouse and to preserve the Amazon as a bulwark against climate change. This beautifully presented story takes you along the 2,000-kilometer BR-163 corridor in Brazil’s Amazon region to look at the competing needs of those living along this important national artery. It’s not just about a road, but about development itself, and why balancing the economic and social needs of a nation and its people is no simple task.
This past spring, Honduras took an important step in improving transparency and accountability with respect to Public-Private Partnerships (PPP) by launching an online platform that allows public access to detailed information about these activities.
The portal, created with the support of the World Bank and in coordination with the Construction Sector Transparency Initiative (CoST), allows access to information related to PPP projects through their entire project cycle. This is a significant achievement that promotes transparency in PPP planning, procurement, implementation and monitoring in Honduras, by making information easily accessible to citizens.