The World Bank's Procurement Framework maximizes the strategic role of procurement in achieving key development effectiveness goals - emphasizing choice, quality, and value for public spending, while enabling adaptation to country contexts.
A new Procurement Framework was approved by the World Bank Board on July 21, 2015 and its use is mandatory for all lending operations after July 1, 2016. Please visit the links below to access either the old Policy, Procedures and Guidelines or the current Policy and Regulations.
The World Bank's framework aims to maximize the strategic role of procurement in achieving development effectiveness goals by:
- Recognizing that countries are looking to be more efficient in their public spending so that they can invest more in basic public services such as education, health and infrastructure services and enrich development outcomes.
- Modernizing procurement to emphasize fit-for-purpose, choice, quality, and greater value for public spending, while enabling adaptation to country contexts.
- Promoting strengthened national procurement systems that are empowered to support sustainable development objectives.
- Increasing transparency in public spending by taking advantage of ICT tools in public procurement.
Last Updated: Jun 20, 2017