In the public sense, it means to deliver public services in an efficient and effective manner. And as World Bank President, Dr. Jim Kim, recently noted: “It means protecting citizens from violence and ensuring the rule of law. It means choosing wise policies and investments; maintaining public assets and ensuring that civil servants are skilled.
CV MENA recently reached out to World Bank senior management to better understand their perspectives on governance — what it is and why it matters. We received responses from around the region, reflecting local, regional and international perspectives on the issue.
Mario Marcel: I would say that when I came onboard, I felt the weight of the responsibility because the Governance Global Practice represented one of the most substantial changes from the previous structure of the World Bank.
The recognition that governance is a key element in sustainable economic development has been gaining in ascendance. As part of a recent World Bank Group reorganization into 14 Global Practices (GPs) and 5 Cross-Cutting Areas, governance has assumed a central role.
The concept of VUCA — volatility, uncertainty, complexity, and ambiguity— was introduced in the late 1990s after the end of the Cold War. It followed a shift from a world of problems which demanded speed, analysis, and elimination of uncertainty, to a world of dilemmas which demand patience, sense-making, and an engagement in the midst of uncertainty.