Social Development and Public Governance > State, Governance and Civil Society
Modernization of the State. Strategy Document
By SDS (07/03, GN-2235-1, En, Es)
The strategy document (GN -2235-1) was favorably reviewed by the IDB Board of Executive Directors on July 23, 2003.
The objective of this strategy is to establish the basic concepts that should guide Bank operations with regards to modernization of the State. According to the mandate contained in the Eighth Capital Replenishment of the institution, the strategic framework that until now has guided Bank action in this field, and the experience that has been accumulated as much by the Bank as by the countries of the region, this document uses the expression Modernization of the State as a synonym for state reform for the consolidation of democratic governance. This option is justified by the growing accumulation of academic thought and wide empiric evidence that shows that sustainable and equitable development requires a democratic, modern and efficient state that promotes economic growth, providing a regulatory framework that is conducive to the functioning of markets; guarantees a stable and reliable macroeconomic environment, legal predictability and political security; is capable of adopting appropriate economic and social policies for poverty reduction and environmental protection; and that implements these policies in an efficient, transparent and responsible manner.
Last updated: 03/27/07
