The World Bank has published a new strategy on governance. It recognizes that the Bank’s record is weak in this area and that reforming public institutions is technically and politically complex. The paper outlines the new types of governance work the Bank is engaged in. For example not directly supplying infrastructure or services but “helping build institutions to encourage public and private actors to provide services”. The report proposes new survey techniques and studies, new staff and continued discussions with outsiders.
The IMF and the World Bank are increasingly engaged with the challenge of addressing how tax avoidance and evasion affect developing countries, but need to address the role played by multinational enterprises and tax havens in exacerbating inequality and undermining countries’ domestic revenues.
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