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Transparency

New Fiscal Transparency Initiatives Are Key to Good Governance

Mario Marcel's picture



The last 10 years have seen turbulent economic times. The global economic crises was rooted, in part, in standards for guiding private sector behavior and setting economic policy that failed to meet emerging  challenges and risks. One of the lower profile, but important, consequences has been to reexamine the fiscal standards that have guided fiscal policy and management practices.

On October 6, 2014 the International Monetary Fund, at a joint event with the World Bank, launched its new Fiscal Transparency Code (FTC) and Evaluation following two years of intensive analysis and consultation. I congratulate the IMF on creating a set of standards that capture the quality of fiscal reports and data, are graduated to reflect different levels of country capacity, and more comprehensively covers fiscal risks.

How Young People Can Usher In the New Era of Governance

Joseph Mansilla's picture

  Simone D. McCourtie/World Bank

Four years ago, I became part of the newly formed Global Youth Anti-Corruption Network (GYAC). It was then a group of about 50 civil society leaders, journalists, and musicians (or “artivists”) who, using various methods, are fighting corruption in their home countries. I was part of the pack of six journalists. After a week of training and networking in Brussels, I came home to the Philippines more inspired and energized than I could remember. I was baptized and inducted into the anti-corruption world, but could a freelance writer be really tipping the scale in ending corruption?

Why International Right to Know Day Matters

Jeff Thindwa's picture


For some time now, there has been a big buzz in the development community around good governance, open government and the need for citizen-state collaboration built on trust. This is at the core of sustainable development, and in this context Access to Information (ATI) plays a critical role. Citizens’ ready access to government information—through information requests or proactive disclosure by government—is a key dimension of open government and a necessary condition for meaningful citizen participation.

When citizens have access to information they can, for example, learn about and demand their entitlements under certain government programs: By finding out how public resources are allocated and used, such as the availability of medicines in local health centers, citizens can provide concrete feedback for better services.

The many faces of corruption: The importance of digging deeper

Francesca Recanatini's picture

About a month ago two colleagues (Greg Kisunko and Steve Knack) posted a blog on “The many faces of corruption in the Russian Federation”. Their post, based on the elegant analysis of the 2011/2012 Russian BEEPS, underscores a point that many practitioners and researchers are now beginning to appreciate because of the availability of new, disaggregated data: corruption is not a homogenous phenomenon, but rather a term that encompasses many diverse phenomena that can have profoundly different impact on the growth and the development of a country. If we delve deeper into this disaggregated data, we observe that within the same country can coexist significantly different sub-national realities when it comes to the phenomenon we label “corruption”.

Transparency and accountability: Bringing the politics back in

Alina Rocha Menocal's picture

Over the past two decades, citizen-led initiatives to hold power holders to account have taken the world by storm. The promise embedded in such efforts – that more enlightened and engaged citizens demanding greater accountability around issues that they care about can have a decisive impact in improving development effectiveness, the quality of (democratic) governance and the nature of state-society relations – has led to a mushrooming of transparency and accountability initiatives (TAIs). TAIs operating at the domestic, regional and/or international levels now cover a plethora of issues ranging from corruption, access to information, and budget processes, to natural resource management, service delivery, and aid
 

Land Transparency – what makes for a good initiative? A case for a responsible investment index

Michael Jarvis's picture

Rice paddiesWith preparations for the G8 Summit in June in full swing, British Prime Minister David Cameron has made clear that transparency will be a key theme and within that a focus on transparency not just in the extractives sector but around land more broadly. This is in large part a response to concerns around the proliferation of large scale land acquisitions – the “land grab” phenomenon. Certainly that topic dominated discussion at the World Bank’s annual Land and Poverty conference this month.

Why we should care about transparency

Joel Turkewitz's picture

A well-held belief in development circles is that, in broad terms, transparency leads to greater accountability and often, as a result, reduced corruption. Yet when the Institute of Development Studies recently looked at the impact and effectiveness of transparency and accountability initiatives that aim to improve governance in various sectors, it pointed out that “growing evidence exists that transparency alone is insufficient, and only leads to greater accountability in interaction with other factors.”