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Video May 22, 2018

Modern, Fair and Open Public Procurement Systems Matter for the Private Sector in Developing Countries

Developing countries spend $820 billion each year purchasing goods and services from the private sector. Public procurement is the world’s largest marketplace and offers huge opportunities for firms. But unfair, unpredictable and non-transparent practices can prevent small and medium sized firms from bidding on projects. The World Bank Group is working with governments to create procurement systems that are transparent, fair and efficient.