African Economic Outlook 2002 2003 by Organisation for Economic Co-Operation and Development

By Organisation for Economic Co-Operation and Development

Ebook via employer for fiscal Co-Operation and improvement

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A. a. a. a. 53 Source: African Development Indicators 2002, World Bank. persistence of the state financial involvement. For example, the Guinean government continued to subsidise the water industry after a lease arrangement was signed in 1989 to help the Société nationale des eaux de Guinée (SNEG) pay the industry’s debt. Economic Efficiency Rising economic efficiency is also described as another potential benefit of privatisation. Privatisation aims at improving enterprise performance by focusing attention 11.

The CPIA rating criteria are grouped in four clusters: macroeconomic policies, structural policies, policies for growth with equity and poverty reduction, and good governance and public sector performance. The CPPA, in turn, aims to assess the degree to which projects and programmes are implemented effectively. 40 Using the CPA framework, the Bank evaluates the quality and sustainability of a country’s policies and programmes in their impact on access of the poor to productive assets and social services, the main objectives being the reduction in poverty and income inequality.

Corruption, narrowly defined as “the abuse of public office for private gain”18 is probably the most straightforward indicator of the quality of political governance, although it provides admittedly only a partial picture. Corruption involves using a position of power to seek or extort an advantage by a public servant in consideration for the performance or omission of an act, which constitutes both a symptom and an outcome of poor governance. It must be noted, however, that corruption has reached global proportions and it is present in all societies.

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