Government intervention to correct market failures is often accompanied by government failures and corruption. This is no more evident than in social sectors that are characterised by significant market failures and government intervention. However...

The author reviews the overwhelming statistical evidence that countries with high levels of corruption experience poor economic performance. Corruption hinders economic development by reducing domestic investment, discouraging foreign direct...

The IMF has long provided advice and technical assistance that has helped to foster good governance, such as promoting public sector transparency and accountability. The Guidance Note reprinted in this pamphlet reflects the strong consensus among...