Institutional and Governance Review

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  • Publication
    Governance Reforms of State-Owned Enterprises: Lessons from Four Case Studies (Egypt, Iraq, Morocco, and Tunisia)
    (Washington, DC, 2015-08) World Bank
    The state-owned enterprise (SOE) landscape has become increasingly diverse. There used to be some relatively well-defined criteria, but with the growing complexity of state participation in the economy, there is no longer a uniform definition, and especially because the definition of a SOE has always been country-specific. SOE reforms can have major positive impacts not only by reducing fiscal risks by decreasing hidden subsidies, direct transfers, and overstaffing, but also by strengthening competition and developing capital markets. SOE reforms in developing countries began in the 1960s because of the poor performance of many of the SOEs. The reform movement sought to strengthen the internal capacity of SOEs. To enrich the discussion about possible avenues for performance-enhancing SOE reforms, this report presents the main principles of good governance of SOEs with references to the Organization for Economic Co-operation and Development (OECD) guidelines on corporate governance of SOEs (OECD 2005). This document is divided into six parts: (1) an effective legal and regulatory framework for SOEs; (2) the state as an owner; (3) equitable treatment of shareholders; (4) relations with stakeholders; (5) transparency and disclosure; and (6) the responsibilities of the boards of SOEs.
  • Publication
    CPIA Africa, June 2012: Assessing Africa's Policies and Institutions
    (Washington, DC, 2012-06) World Bank
    The World Bank's Country Policy and Institutional Assessment (CPIA) is an important knowledge product that assesses the performance of 39 IDA countries along 16 dimensions of policy and institutional quality. This is the first in the series of annual reports. The 16 dimensions are grouped into four clusters: economic management; structural policies; policies for social inclusion and equity; and public sector management and institutions. The CPIA has been measuring and tracking the strength of policies and institutions in IDA-eligible countries since 1980, and releasing that information since 2006. Until now, the CPIA has been used mainly to inform IDA's allocation of resources to poor countries and in research. Yet the information contained in the CPIA is potentially valuable to governments, the private sector, civil society, researchers and the media as a tool to monitor their country's progress and benchmark it against progress in other countries. By presenting the CPIA scores for 38 African countries over six years in one easy-to-read document, this report aims to provide citizens with information that can support evidence-based debate that can, in turn, lead to better development outcomes. The scope of the report is motivated by the World Bank's open data initiative and the new Africa strategy, both of which seek to foster participation in development from a wide range of stakeholders by providing broader access to data and knowledge.
  • Publication
    Regulatory Capacity Review of Rwanda
    (Washington, DC, 2010) International Finance Corporation; Multilateral Investment Guarantee Agency; World Bank
    Regulatory reform has emerged as an important policy area in developing countries. For reforms to be beneficial, regulatory regimes need to be transparent, coherent, and comprehensive. They must establish appropriate institutional frameworks and liberalized business regulations; enforce competition policy and law; and open external and internal markets to trade and investment. This report analyses the institutional set-up and use of regulatory policy instruments in Rwanda. It is one of five reports prepared on countries in East and Southern Africa (the others are on Kenya, Uganda, Tanzania and Zambia), and represents an attempt to apply assessment tools and the framework developed by the Organization for Economic Cooperation and Development (OECD) in its work on regulatory capacity and performance to developing countries.
  • Publication
    Regulatory Capacity Review of Kenya
    (Washington, DC, 2010) International Finance Corporation; Multilateral Investment Guarantee Agency; World Bank
    Regulatory reform has emerged as an important policy area in developing countries. For reforms to be beneficial, regulatory regimes need to be transparent, coherent, and comprehensive. They must establish appropriate institutional frameworks and liberalized business regulations; enforce competition policy and law; and open external and internal markets to trade and investment. This report examines the institutional set-up for and use of regulatory policy instruments in Kenya. It is one of five reports prepared on countries in East and Southern Africa (the others are on Zambia, Uganda, Rwanda, and Tanzania). The report is based on a review of public documents prepared by the government, donors, and the private sector, and on a limited number of interviews with key institutions and individuals.
  • Publication
    Regulatory Capacity Review of Tanzania
    (Washington, DC, 2010) International Finance Corporation; Multilateral Investment Guarantee Agency; World Bank
    Regulatory reform has emerged as an important policy area in developing countries. For reforms to be beneficial, regulatory regimes need to be transparent, coherent, and comprehensive. They must establish appropriate institutional frameworks and liberalized business regulations; enforce competition policy and law; and open external and internal markets to trade and investment. This report analyses the institutional set-up and use of regulatory policy instruments in Tanzania. It is one of five reports prepared on countries in East and Southern Africa (the others are on Kenya, Uganda, Rwanda and Zambia), and represents an attempt to apply assessment tools and the framework developed by the Organization for Economic Cooperation and Development (OECD) in its work on regulatory capacity and performance to developing countries.
  • Publication
    Regulatory Capacity Review of Uganda
    (Washington, DC, 2010) International Finance Corporation; Multilateral Investment Guarantee Agency; World Bank
    Regulatory reform has emerged as an important policy area in developing countries. For reforms to be beneficial, regulatory regimes need to be transparent, coherent, and comprehensive. They must establish appropriate institutional frameworks and liberalized business regulations; enforce competition policy and law; and open external and internal markets to trade and investment. This report analyses the institutional set-up and use of regulatory policy instruments in Uganda. It is one of five reports prepared on countries in East and Southern Africa (the others are on Kenya, Tanzania, Rwanda and Zambia), and represents an attempt to apply assessment tools and the framework developed by the Organization for Economic Cooperation and Development (OECD) in its work on regulatory capacity and performance to developing countries.
  • Publication
    Better Regulation for Growth: Governance Frameworks and Tools for Effective Regulatory Reform
    (Washington, DC, 2010) International Finance Corporation; Multilateral Investment Guarantee Agency; World Bank
    Regulatory reform has emerged as an important policy area in developing countries. For reforms to be beneficial, regulatory regimes need to be transparent, coherent, and comprehensive. They must establish appropriate institutional frameworks and liberalized business regulations; enforce competition policy and law; and open external and internal markets to trade and investment. This report examines the institutional set-up for and use of regulatory policy instruments in Zambia. It is one of five reports prepared on countries in East and Southern Africa (the others are on Kenya, Uganda, Rwanda, and Tanzania). The report is based on a review of public documents prepared by the government, donors, and the private sector, and on a limited number of interviews with key institutions and individuals.
  • Publication
    Nicaragua : Institutional and Governance Review
    (Washington, DC, 2008-04) World Bank
    This document presents the main governance indicators for the country, as compiled by the World Bank Institute (WBI), and how are they used by international institutions in making decisions about assistance to Nicaragua. Although these indicators have weaknesses, they can provide a general indication of what are the priority areas for investigation. Accordingly, the present review concentrates on a few key areas where the Bank's expertise can add value and complement the efforts of other donors, including: (a) the regulatory system; (b) the system of property registries; and (c) two of the mechanisms for oversight and accountability of public sector performance (the Comptroller's Office and social accountability). The overall objective of the Institutional and Governance Review (IGR) is to examine the institutional and governance bottlenecks that stand in the way of more effective impact of key public policies, particularly poverty reduction policies. Since the report is limited in scope, the criteria to decide priority areas for review included: (a) issues that are of particular significance for better governance and institutionality; (b) issues that are particularly important in relation to poverty reduction; (c) issues where the Bank has a comparative advantage; and (d) issues where there would not be a duplication of effort with other donors or other studies undertaken by the Bank and where the IGR can add value.