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| | Good Governance--The IMF's Role |
 | | Our approach is to concentrate on those aspects of good governance that are most closely related to our surveillance over macroeconomic policies—namely, the transparency of government accounts, the effectiveness of public resource management, and the stability and transparency of the economic and regulatory environment for private sector activity. |
 | | Reflecting the increased significance that member countries attach to the promotion of good governance, on January 15, 1997, the Executive Board held a preliminary discussion on the role of the IMF in governance issues, followed by a discussion on May 14, 1997, on guidance to the staff. |
 | | Where poor governance with a significant economic impact is evident and brought to the staff’s attention in its surveillance activities, the staff should discuss the issue with the authorities. |
| www.imf.org /external/pubs/ft/exrp/govern/govindex.htm (3655 words) |
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