Good governance, the foundation of economic development
Economic governance is at the heart of SECO’s projects. SECO supports the establishment of transparent, accountable, and efficient framework conditions in its partner countries.
Economic governance refers to the entire system of institutions, procedures, and regulations that form the framework for economic activity. Good economic governance includes, among other things, the principles of transparency, accountability, non-discrimination, efficiency, participation, and the rule of law. These principles are important not only for the public sector, but also for the private sector: the economy becomes more stable, framework conditions are more predictable, institutions are strengthened, and their positive contribution to society is better recognized. The fight against corruption is improved. Good economic governance is therefore an essential element in combating poverty. It promotes investment and thus creates jobs.