The World Bank's new Procurement Framework, approved by the Board on July 21, 2015, modernizes the procurement policy and maximizes the strategic role of procurement in achieving key development effectiveness goals.
Mandatory for all new lending operations after July 1, 2016, the new Framework emphasizes choice, quality, and greater value for public spending, while enabling adaptation to country contexts.
Please visit the links below to access either the old Policy, Procedures and Guidelines or the new Policy and Regulations.
With the new Framework, the World Bank 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.