The World Bank is urging Caribbean countries to rethink their approach to governance, as key to overcoming challenges related to security, growth and equity.

In a new report titled “Governance and the Law” the Washington-based financial institution explores how unequal distribution of power in a society interferes with policies’ effectiveness.

The World Bank said power asymmetries help explain, for example, why model anti-corruption laws and agencies often fail to curb corruption, why decentralization does not always improve municipal services; or why well-crafted fiscal policies may not reduce volatility and generate long-term savings.

The report notes that when policies and technical solutions fail to achieve intended outcomes, institutions often take the blame. However, it finds that countries and donors need to think more broadly to improve governance so that policies succeed.

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