IMF Working Papers

Governance for Inclusive Growth

By Maksym Ivanyna, Andrea Salerno

April 23, 2021

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Maksym Ivanyna, and Andrea Salerno. Governance for Inclusive Growth, (USA: International Monetary Fund, 2021) accessed November 21, 2024

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.

Summary

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.

Subject: Anti-money laundering and combating the financing of terrorism (AML/CFT), Civil society, Corruption, Crime, Economic growth, Economic sectors, Inclusive growth, Revenue administration, Tax evasion

Keywords: Anti-money laundering and combating the financing of terrorism (AML/CFT), Central bank, Civil society, Corruption, Global, Government discretion, Government regulation, Inclusive growth, Policy advice, Poor governance, Tax evasion

Publication Details

  • Pages:

    44

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Working Paper No. 2021/098

  • Stock No:

    WPIEA2021098

  • ISBN:

    9781513582467

  • ISSN:

    1018-5941

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