By Carlos Villota,
The World Bank is reviewing its operational procurement policy, a process with deep and significant consequences for developing countries. Eurodad will participate in the consultation and we encourage others to do the same.
Smarter procurement practices by aid agencies and developing country governments could become a key driver of development and poverty reduction. Eurodad calculations suggest that USD 69 billion annually, more than 50% of total official development assistance, is spent on procuring goods and services from external providers. Procurement practices determine which private firms from which countries are awarded aid funded contracts. In turn, this defines who reaps the benefits in terms of decent jobs created, income opportunities and increased productive capacities. It is clear procurement policies are a useful tool to maximize the impact of aid and other flows.
The World Bank is reviewing its operational procurement policy and procedures to ensure their approach supports positive development results and remains suitable for today's world . From May 2012 through September 2013, the World Bank is undergoing a consultation with stakeholders worldwide to seek input to help shape a framework of guiding principles for the revision of its procurement policy. An Initiating discussion paper has been prepared as a basis for the discussion and to provide an overview of the rationale for reviewing the policy.
Due to the key importance of procurement for development Eurodad will actively engage in the consultation and we encourage others to do the same.