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Strengthening Country External Audit Systems in Africa - A Joint Strategy of the Africa Development Bank and the World Bank

02-Feb-2010

Good governance is essential for sustained economic growth and poverty reduction. The promotion of good governance to alleviate poverty is a central component of the strategy of both the African Development Bank and the World Bank in Africa. The key elements of good governance have been identified as accountability, transparency, participation, combating corruption and the promotion of an enabling legal and political framework1 . Both institutions agree that corruption is generally a symptom of governance failures and, therefore, combating corruption requires strengthening governance and promoting integrity, in particular in the area of public financial management.

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