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GOVERNANCE

Statistics Directorate    
Definition:
Governance is the exercise of political, economic and administrative authority necessary to manage a nation’s affairs.

Context:
The process by which decisions are made and implemented (or not implemented). Within government, governance is the process by which public institutions conduct public affairs and manage public resources.

IMF, 2007, Manual on Fiscal Transparency, IMF, Washington DC, Glossary.

Source Publication:
OECD, 2006, DAC Guidelines and Reference Series Applying Strategic Environmental Assessment: Good Practice Guidance for Development Co-operation, OECD, Paris.

Cross References:
Good governance

Statistical Theme: Financial statistics - Financial flows to aid recipients

Created on Monday, July 23, 2007

Last updated on Monday, July 23, 2007