Access to information increases economic growth and reduces corruption says the World Bank Institute. Access to information increases economic growth and reduces corruption says the World Bank Institute. The World Bank Institute (WBI) – part of the World Bank group – says that in countries where governments release information to the public, DGP growth is higher.
More information “decreases uncertainty in the market, hence decreasing volatility and improves macroeconomic environment,” Sahr Kpundeh, Senior Public Sector Specialist, WBI, at a workshop on freedom of information organised by the WBI and the Centre for Policy Alternatives – a local NGO.
Room for corruption also reduces when more people are informed about State and private activities.
In Uganda for instance, a student got less than one dollar of grant money allocated for them, until a public information campaign educated people on what they were due to receive.
Out of nearly three dollars allocated per student in 1990 in Uganda, less than half a dollar actually reached them.
Between 1993 – 1995, from nearly two dolla