This paper endeavours to explain the good governance notion of the World Bank Group. It seeks to answer whether the bank fairly and impartially promotes good governance to all its member states, or merely imposes a system of conditionality to its aid recipient countries. It critically examines whether the bank’s practical approach of good governance is to reform the institutions of the developing countries. On the other hand, the paper critically assesses the methodological approach of the Worldwide Governance Indicators (WGI). The peace also highlights the critics of good governance from the idea of development. Regarding aid and loan effectiveness, it demonstrates the World Bank’s promotion of good governance to its developing countries. Therefore, the paper suggests that good governance often measure the value of the west against the developing world. It critically evaluates whether good governance itself is a neoliberal model, and a standard to measure the institutions of the developing nations against the west.

Keywords : Good Governance, World Bank, Development, Aid, Recipient Countries, Neoliberal.