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Elements of Global Monitoring
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| Global Monitoring Report 2006: Strengthening Mutual Accountability - Aid, Trade and Governance |
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| | |  | Growth continues to be favorable, accelerating progress with poverty reduction globally. But progress is too slow in improving the business climate, including access to infrastructure, in many poor countries. |
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| | Many countries are off-track to meet the human development MDGs. But tangible evidence is emerging of significant progress in some countries. Critical to expanding this progress is increasing the ability of aid to cover recurrent costs (such as teachers or health service providers’ salaries) and governance reforms to improve service delivery. |
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| | In 2005 there were major new commitments to increased aid and debt relief to low-income countries. The risk is that they may not materialize, or that debt relief may simply substitute for aid. Aid transfers need greater predictability, less fragmentation, better alignment with needs, and targeting to where aid can be productively used. Multilateral trade negotiations, unfortunately, were very slow. |
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| | | | | | There is progress in shifting the emphasis of IFIs and country programs towards results management—managing for outcomes rather than managing inputs to the production process. However, this shift requires a longer-term vision, more resources, and support for capacity strengthening in partner countries. |
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| | | Governance should be regularly monitored. More investment is needed in specific, actionable indicators, such as quality of public financial management, procurement practices, and checks and balances. These can help to track progress, generate greater accountability and build demand for good governance. They can also help underpin long-term dialog between countries and development partners, which should develop realistic goals and sequencing of governance reforms. |
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| | | IFIs and donors should support the emerging global framework for good governance, encouraging country participation, strengthening their own anti-corruption controls, and providing assistance in ways that strengthen transparency and country systems. |
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