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March 24, 2006
Mr. Mohammad Ashraf Janjua
Letter of Transmittal
Mr. M. Ashraf Janjua
Institute of Business Management (IoBM),
Dear Mr. Janjua,
Please accept the Term Report entitled ‘Report on Good Governance’.
The purpose of writing this report has been to ascertain the various actors and principles and model of good governance together with the implementation of this theory in Pakistan.
I would like to acknowledge your guidance and support throughout the term and would also like to express gratitude for giving me the opportunity to learn which I feel would be greatly helpful in my future endeavors.
Table of Contents
The Term ‘Governance’ 3
Good Governance 3
Why Good Governance Matters 4
Types of Governance 5
Actors in Governance 5
Characteristics of Good Governance 8
Good Governance Model (Public Governance) 10
Measuring Governance 11
Issues in Measuring Governance 12
IMF’s Concern for Good Governance 13
IMF surveillance, lending and technical assistance 13
IMF programs and Initiatives to Promote Good Governance 14
Governance in Pakistan 15
The Effects of Poor Governance in Pakistan 15
Annex-1 Lack of governance helping Taliban 19
Annex-2 Civil governance 21
Annex-3 A continued exercise in futility 22
Annex-4 WB wants accountability mechanism improved 24
Annex-4 Changes in monetary policy suggested: Deficits unsustainable 25
The Term ‘Governance’
Governance is the act of affecting government and monitoring (through policy) the long-term strategy and direction of an organization. In general, governance comprises the traditions, institutions and processes that determine how power is exercised, how citizens are given a...