Unfortunately, it is necessary to incentivize leaders so that they do not steal from their people.
This prize uses the market mechanism of financial incentives to do the right thing.
Of course, these leaders are likely to have done the right thing anyway, as they could have stolen much more while in power. Nevertheless, if they leave office relatively poor due to their honesty, a financial is a good thing.
Onésimo Alvarez-Moro
See article:
The Mo Ibrahim Prize - the world's richest - is being presented in London to a former African head of state for the excellence of their leadership.
The prize is worth $5m (£2.5m) over 10 years, and then $200,000 a year.
Mobile phone millionaire Mo Ibrahim is funding the project in the hope it will help improve governments' performance.
Among 13 leaders under consideration by a panel are former Tanzania leader Benjamin Mkapa and Joaquim Chissano, who brought peace to Mozambique.
The winner of the prize will have been selected by a panel chaired by former UN Secretary General Kofi Annan.
See full Article.
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