The overall vision of the new policy is for Procurement in IPF operations that supports
borrowers achieve value for money with integrity in delivering sustainable development. Read More
The World Bank's Procurement Framework 2016 was approved by World Bank Board on July 21, 2015 to modernize the procurement policy and maximize the strategic role of procurement in achieving key development effectiveness goals.
Mandatory for all lending operations after July 1, 2016, the new Framework emphasizes flexibility, quality, and greater value for public spending, while enabling adaptation to country contexts....Read more