Corporate and Financial Governance Project

Poor countries are rightly skeptical of borrowing only for consulting services because in the absence of the requisite infrastructure they fail to internalize outputs and derive gains from the institutional reforms in full. This affects the extent to which government ownership materializes through the course of implementation. The RRP summarized the lessons identified from prior financial sector reform projects (RRP, page 11, para. 35) on government ownership in terms of the reform agenda.