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Public Financial Governance for Inclusive Development in Africa
The African Development Bank Group recognizes the importance of good governance, grounded on the pillars of accountability, participation, transparency, and the rule of law. Moreover, the 2005 Paris Declaration emphasizes that the development efforts of many countries will falter, even if supported with increased funding, if the capacity of the public sector is not strengthened. Sustainable growth and poverty reduction thus require both governance improvements and capacity development, in Africa as elsewhere.