World Bank Joins Multilateral Development Banks to Declare a Shared Commitment to Sustainable ProcurementThe World Bank has joined eleven other Multilateral Development Banks (MDBs) to release a statement reflecting their commitment to integrating sustainable procurement into their development operations. MDBs are also committing to working with partner countries to implement national-level reforms in order to mainstream sustainability into domestic procurement activity. Governments spend US$13 trillion annually -around 15% of global GDP- which highlights the important role public procurement will play in achieving global sustainability goals. MDBs will work with partner countries to achieve a broad set of sustainability objectives, including achieving the goals set out in the Paris Agreement with a particular focus on decarbonizing supply chains, closing gender gaps and increasing inclusion. A working group established between the development banks will work together on a number of initiatives, focusing on:
________________________________________________________________________________________________ The World Bank's Procurement Framework |
The World Bank's Procurement Framework, approved in July 2015 and in operation since July 2016, promotes tailored procurement approaches that emphasize choice, quality, and value for public spending, while enabling adaptation to country contexts.
The Framework approach includes four key points to help country clients and businesses:
The Procurement Framework applies to all projects with a concept note on or after July 1, 2016 — not yet to the entire active portfolio of the World Bank.
Access procurement documents and supporting materials for: Projects Prior to July 1, 2016 Projects After July 1, 2016
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