We know that governments across the world spend about a quarter of the GDP on public procurement and it is evident that it plays a crucial role in maintaining equitable distribution and sustainable development across countries.

1. HOW DOES THE WORLD BANK
CONTRIBUTE TO PUBLIC
PROCUREMENT?
Governments across the world spend about a
quarter of the GDP on public procurement and it is
evident that it plays a crucial role in maintaining
equitable distribution and sustainable development
across countries.

2. WHY IS PUBLIC PROCUREMENT IMPORTANT?
It is a policy instrument that encourages efficient
public delivery and promotes the development of
countries.
Assuming a particularly significant role in the
development of countries various donor agencies
are pushing towards public procurement that
creates opportunities for Bid Managers,
Contractors, and Suppliers for participating in
government contracts.
An effective public procurement system can create
sustainable growth and equitable distribution of
resources.

3. HOW DOES THE WORLD BANK FUNCTION?
The World Bank as the name proposes isn't just a bank but a structure
for underdeveloped and developing countries to acquire money at a
cheap rate of interest for investment in the development programs of
the country.
Backed up by the security of the contributions from member countries
the World Bank can draw money from international credit markets at a
lower rate of interest and lend the same to countries at a lower rate.

4. OBJECTIVES OF THE WORLD BANK
Value for money
More opportunities in Government projects
Overall business-friendly environment
Maximize the role of public procurement by investing in
projects that enhances the Public Service, Health, and
Infrastructural development

5. OPPORTUNITY SECTORS BY WORLD BANK
 Education
 Energy & Extracts
 Financial Sector
 Industry & Trade
 Info & Communication
 Transportation
 Water/ Sanitation/Waste
Management
 Health

6. RECENT APPROVED PROJECTS OF THE WORLD
BANK
 Some of the recently approved projects include the development of
electricity access of households and businesses in Western Africa with a
total project cost of US$ 5.00 million.
 Investment in foundations for a safety net system in the republic of Haiti
to respond to various unprecedented issues like Covid 19. For more such
updates click here.

7. HOW CAN WE HELP?
 Tendersinfo offers to put across project highlights and insights
about the active projects of the World Bank and its supporting
organization like the International Finance Corporation (IFC) and
the Multilateral Investment Guarantee Agency (MIGA) alongwith
assisting you in the entire bidding process.

8. THANK YOU
For more information connect with us at:
Website: https://www.Tendersinfo.Com
Tel: +91 22 6283 1265 / fax: +91-22- 28127354
Follow us on: