Financial Institutions and participation

The most important impact that ICTs may have is in the increasing openness and possibility for mass collaboration and participation, which in turn is expected to gradually change governance models. [1] Thanks to ICTs, openness of governance systems and integration of policy making mechanisms can harness collective intelligence, building on the knowledge, experience, and competenceContinue reading “Financial Institutions and participation”

Capacity Building and Financial IOs

According to the OECD, capacity development is the process whereby people, organizations and society as a whole unleash, strengthen, create, adapt and maintain capacity over time.[1] Capacity building needs to be distinguished from access to information. Guideline, handouts and documentation is considered access to information. Capacity building is understood here in a restrictive definition asContinue reading “Capacity Building and Financial IOs”

Transparency and Financial IOs

Transparency is often considered a prerequisite for democratic accountability, and can be conceptualized as “the extent to which individuals who may be significantly affected by a decision are able to learn about the decision-making process, including its existence, subject matter, structure and current status” (Dingwerth, 2007: 30). [1] Many global institutions offer online information forContinue reading “Transparency and Financial IOs”