Governance has been an explicit part ofthe Bank s developmental agenda since the latter part of the1990s, though elements of good governance have always playeda role in the institution s work on development. Theseranged from project focused work on financial management andprocurement to the various sector governance componentsembedded in many of the Bank s adjustment and sectoroperations since the 1980s. More recently, the Bank hasevolved towards a more explicit acknowledgment thatinefficiencies and weaknesses in the institutionalenvironment have a direct impact on the achievement and thequality of development results.