The Black Sea Trust for Regional Cooperation (BST)

Governance – What is it?

Governance is the exercise of power or authority – political, economic, administrative or otherwise – to manage a country's resources and affairs. It comprises the mechanisms, processes and institutions through which citizens and groups articulate their interests, exercise their legal rights, meet their obligations and mediate their differences. Good governance means competent management of a country’s resources and affairs in a manner that is open, transparent, accountable, equitable and responsive to people’s needs.

In the countries of the Black Sea region deficiencies in the democratic standards, despite widely declared political commitment to achieve them, indicate that the institutions need to be reformed further.