Least Developed Countries need to go beyond the current good governance institutional reform agenda and pursue good development governance. Development governance or governance for development, is about creating a better furture for members of a society through using the authority of the State to promote future for members of a society through using the authority of the State to promote economic development and in particular to catalyse structural transformation. In general terms, governance is about the processes of interaction between the general terms, governance is about the processes of interaction between the government, the formal institutions of the state, including the executive, legislature, bureaucracy, judiciary and police and society. Development governance is governance oriented to solve common national development problems, create new national development opportunities and achieve common national development goals. This is not simply a matter of designing appropriate institutions, but also a question of policies and the processes through, which they are formulated and implemented. Which institutions matter is inseparable from which policies are adopted. Development governance is thus about the processes, policies and institutions associated with purposefully promoting national development and ensuring a socially legitimate and inclusive distribution of its costs and benefits.