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Good Governance in Sub-Saharan Africa
Opportunities and Lessons

by Monique Newiak, Alex Segura-Ubiergo, and Abdoul Aziz Wane, editors
ISBN 9781513584058
Publication year: 2022

Cdn: $51.00; US: $35.00
Paperback
Language: English
352 pages
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Due in the Spring of 2022.

A large body of literature has shown that corruption impacts both economic growth and development through multiple channels, such as those related to financial stability, investments in physical and human capital, productivity. Corruption also impacts public trust and the efficiency of government.

This book highlights the critical importance of governance and integrity. It suggests that the establishment of sound institutions that guarantee integrity in public affairs may be one of sub-Saharan African's most important milestones in its journey to sustainable development. The book leverages extensive analysis at the cross-country level to provide global evidence and country case studies focusing on the macro-governance links in sub-Saharan Africa. Chapters bring in the COVID-19 pandemic perspective, making this book the first attempt to provide a comprehensive view of the relationships between the quality of institutions and the management of the COVID-19 pandemic. The book argues that the approach to institutional reforms needs to consider the starting position of countries and calls for tailored approaches in fragile countries to consider capacity constraints and societal preferences. It shows how successful reform paths in normal settings become systematically inefficient in fragile environments. This path dependency also applies to the adoption of technological innovations in public affairs. Finally, the book looks at new governance reforms supported by the IMF in sub-Saharan Africa.

"I welcome this publication from the International Monetary Fund, which highlights the critical importance of governance and integrity in combating corruption. We urgently need to find innovative approaches to addressing corruption in all its manifestations. The focus of this text on identifying how reform pathways can be effective in fragile states is particularly welcome. Every corrupt deal that is struck reduces the resources available in the world's poorest nations to meet the aspirations of their citizens for sustainable development."
- Right Honorable Helen Clark Chair, Extractive Industries Transparency Initiative Board

"Governance is decisive in development. In Botswana it harnessed diamonds to become the fastest-growing economy in the world and escape mass poverty, while in Sierra Leone it turned diamonds into a disaster that crashed the society into deeper poverty and civil war. The staff of the African Department of the IMF has accumulated the region's most comprehensive experience of how governance affects society, and this book distills its wisdom. The IMF cannot substitute for bad governance: each country is different, and the struggle for a state that works effectively for the goals of a society can only be won by the society itself. But this book will be valuable for the courageous people who will spread successes like Botswana's around Africa."
- Paul Collier Professor of Economics and Public Policy, Oxford University

"Breaking from its narrower technocratic and financial focus of the past, six years ago the IMF recognized that weak governance and corruption are 'macro-critical' and paid more attention to these challenges. After the recent COVID-19 emergency financing period, it is welcome to see a serious IMF volume on governance coming to light, signaling that good governance matters for financial stability and development. The book rigorously draws from the knowledge of multiple staff authors, with a focus on Africa. We hope also to see major governance initiatives in the future addressing macro-critical aspects in other regions, since they afflict all corners of the globe."
- Daniel Kaufmann President Emeritus, Natural Resource Governance Institute, and former Director at the World Bank

TABLE OF CONTENTS:
  • Introduction: Reaping the Dividends of Good Governance
  • Chapter 1. The Macro-Fiscal Benefits of Eliminating Corruption in Government
  • Chapter 2. Pathways to Reaping a Governance Dividend in Sub-Saharan Africa
  • Chapter 3. Three Strong Governance Performers in Sub-Saharan Africa: Achievements and Way Forward
  • Chapter 4. Reaping the Benefits from Better Governance in Nigeria
  • Chapter 5. CEMAC: A Regional Approach to Enhancing Governance
  • Chapter 6. Macro-Fiscal Gains from Anticorruption Reforms in the Republic of Congo
  • Chapter 7. Addressing Corruption in Fragile Country Settings
  • Chapter 8. Reaping the Benefits of Good Governance in the Democratic Republic of Congo
  • Chapter 9. Madagascar: Institution-Building in a Fragile State
  • Chapter 10. Strengthening Governance and Reducing Vulnerability to Corruption in Comoros
  • Chapter 11. Accountability in Supporting the Emergency Response to a Crisis: Lessons from COVID-19 Funds
  • Chapter 12. The Role of Supreme Audit Institutions in Addressing Corruption, Including in Emergency Settings
  • Chapter 13. Central Bank Governance in Sub-Saharan Africa: An Overview Based on Experience with the IMF's Safeguards Assessments
  • Chapter 14. The Dividends of Digitization and Big Data to Institutional Quality and the Macroeconomy
  • Chapter 15. Digitalization, Corruption, and Trust in Tax Officials in Africa
Good Governance in Sub-Saharan Africa
Cdn: $51.00; US: $35.00
International Monetary Fund (IMF) BookID: 129332 Added: 2022.3.31