Mention briefly about World Governance Indicators.

World Governance Indicators (WGI) are a comprehensive set of metrics used to measure the quality of governance in different countries worldwide.

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These indicators, developed by the World Bank, assess various dimensions of governance, including voice and accountability, political stability, government effectiveness, regulatory quality, rule of law, and control of corruption.

The WGI draw on diverse data sources, such as surveys, expert assessments, and publicly available information. Their purpose is to provide policymakers, researchers, and the general public with valuable insights into governance quality and its impact on development outcomes. By offering a standardized framework for evaluating governance, the WGI enable comparisons across countries and over time, facilitating informed policy discussions and efforts to promote good governance.

The World Governance Indicators serve as a valuable tool for assessing and monitoring governance performance, identifying areas that require improvement, and supporting evidence-based policy-making and development strategies.

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