The World Bank is reviewing its operational procurement policy and procedures. This is the first comprehensive review in the history of the institution. Our primary motivation is to move from a one-size-fits-all policy to a fit-for-purpose policy. The current policy has served the World Bank well with managing complexity in procurement throughout the past decades. However, changes in our clients’ demands and in the way the Bank does business now require a more adaptive approach.
The review was endorsed by the Board of the Executive Directors in February 2012 and is expected to be finalized in 2015. The policy review includes consultations throughout its duration. The World Bank is currently conducting a second phase of global multi-stakeholder consultations after Executive Directors endorsed the direction of a Proposed New Procurement Framework: Phase II in July 2014. For questions and comments, please email us. Please also take a look at our Questions & Answers.
The World Bank is consulting widely during the review to ensure that the views of shareholders and stakeholders are represented. A first phase of consultations was held from May 2012 through February 2013. The World Bank received input from about 2,000 stakeholders in 96 countries, representing government, the private sector, academia, and civil society. A second consultation phase is currently underway from August 1 until November 30, 2014. Stakeholders are asked to provide input into the Proposed Procurement Framework, a draft procurement policy, and a number of materials setting out the implementation of the new procurement approach.